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Article: Berry Juice Maker Harvests $17.5M in Equity Funding
- Article from:
- Orange County Business Journal
- Article date:
- July 6, 2009
- Author:
CopyrightCopyright CBJ, L. P. Jul 6-Jul 12, 2009. Provided by ProQuest LLC. (Hide copyright information)
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SMALL BUSINESS
Trendy juice maker Sambazon Inc. is looking to grow with some private equity funding.
The San Clemente-based company makes drinks from acai (pronounced "ah-sighee"), a purple berry that grows on palm trees in South America and is touted for its antioxidants.
In June, Sambazon got a $17.5 million investment, mostly from Belgian private equity firm Verlinvest SA, which is backed by a family that also owns shares in Anheuser-Busch InBev, maker of Budweiser, Stella Artois and Beck's beers.
Pasadena-based private equity firm Rustic Canyon Partners invested about $6 million:
Sambazon, which was ...