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Fresh off its IPO, stevia-sweetened soda maker Zevia aims for beverage dominance
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Zevia IPO: Consumers are increasingly averse to added sugars
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Zevia Secures $200-million Investment From Global Investor CDPQ MONTREAL & LOS ANGELES (Business Wire) Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, announced today the closing of a USD 200-million minority investment in Zevia, LLC (Zevia), a U.S. beverage company offering a portfolio of zero calorie, naturally sweetened beverages in the United States and Canada.
(Graphic: Business Wire)
CDPQ’s investment includes primary capital which will be used by Zevia, one of the leading and fastest growing beverage companies in North America, to pursue its global expansion strategy.
Led since 2010 by Paddy Spence, Zevia’s CEO, the brand has carved out a unique space in its industry. With a vision to create alternatives to conventional sugary and artificially sweetened beverages, Zevia has grown its market share over time to become the market leader in the zero calorie, naturally sweetened beverage segment, with national distribution in over 35,000