LIFEAID Beverage Company Closes $3mm Debt Financing Round with Dwight Funding
Functional beverage company LIFEAID, a high-growth nutritional drinks brand, recently closed on a $3mm revolving line of credit with Dwight Funding. The line will be used for working capital and growth initiatives as the company continues to expand its retail presence nationally.
LIFEAID Beverage Company provides a line of nutrition-focused products for consumers with active, performance focused lifestyles. In 2019 LIFEAID is expanding its presence in Walmart and Kroger along with additional retailers nationwide.
LIFEAID CEO Orion Melehan stated:
“Working capital financing is more important now as we continue to build the LIFEAID brand. Our goal for 2019 is to emphasize product innovation and strategically capitalize on growth opportunities with partners that understand our vision, consumer position and mission. Dwight has not only been able to provide the support we need at a critical juncture but also has the flexibility to continue to grow with LIFEAID.”
Dwight Funding provides debt solutions uniquely tailored to the needs of growing consumer brands. With a nationwide presence, Dwight has deep ties to the CPG community and is able to provide its portfolio companies with strategic advice and solutions throughout the brand lifecycle.
Dwight Funding Managing Partner Ben Brachot said: