Rowdy Mermaid Kombucha has announced the completion of its Series A funding round.

With proceeds totalling $3.5m, the company intends to use the funding to support its expansion plans, new product development and re-investment into same-store sales.

The round was led by KarpReilly, a Greenwich-based investment firm with a portfolio of emerging brands in the consumer sector.

KarpReilly co-founder Allan Karp said: “We love Rowdy Mermaid Kombucha because its function-forward and science-based approach to kombucha stands out in a fast-growing industry.

“A big initiative for 2019 will be a switch to clean supply chains and sustainable packaging to increase our presence and offerings while being mindful of environmental concerns.”

“We are confident in the tremendous amount of momentum Jamba and his team have received over the past several years in the Rocky Mountain region and we believe the organic harmony between our teams will compel a thoughtful growth strategy moving forward.”

Based in Boulder, Colorado, Rowdy Mermaid Kombucha’s low-sugar, plant-infused, functional beverages are said to be handcrafted with snowmelt.

Rowdy Mermaid Kombucha founder and CEO Jamba Dunn said: “This financing allows the Rowdy Mermaid team the opportunity to grow our company and our product line with integrity.

“We believe functional health extends to the environment we live in as well as ourselves. Which is why a big initiative for 2019 will be a switch to clean supply chains and sustainable packaging to increase our presence and offerings while being mindful of environmental concerns, curbing production waste, extending shelf life and increasing the functionality of the product.”

Rowdy Mermaid Kombucha’s products are available in bottles and on tap throughout the Rocky Mountain Region at more than 500 retail outlets, including Whole Foods, Natural Grocers, King Soopers and Gelson’s Market locations.