When was Cove Drinks founded?

Cove Drinks was founded in 2016 and raised its 1st funding round 3 years after it was founded.

Where is Cove Drinks located?

Cove Drinks is headquartered in Halifax, Canada.

Who is the current CEO of Cove Drinks?

John MacLellan of Cove Drinks. They have also founded 1 company.

How many employees does Cove Drinks have?

As of Apr 30, 2026, the latest employee count at Cove Drinks is 28.

Is Cove Drinks a funded company?

Cove Drinks is a funded company, having raised a total of $6.46M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 30, 2019.

When was the latest funding round of Cove Drinks?

Cove Drinks' latest funding was a $***** Series A round on Mar 18, 2025, with participation from 0 investor.

Where does Cove Drinks rank among its competitors?

Cove Drinks ranks 13th amongst 133 active competitors, of which 5 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Cove Drinks, which secured $339K in Mar, 2025.

Who are the top competitors of Cove Drinks?

Cove Drinks' top competitors include RJ Corp, Parle Products and Hain Celestial. Among them, Cove Drinks secured the most recent funding round in March, 2025.

Cove Drinks - 2026 Company Profile, Team, Funding & Competitors

Company Details

Website: covedrinks.com
Social

Key Metrics

Founded Year

2016

Location

Halifax, Canada

Stage

Series A

Total Funding

$6.46M in 5 rounds

Latest Funding Round

Series A, Mar 18, 2025, $*****

Investors

Canadian Imperial Bank of Commerce & 1 more

Ranked

13^th among 133 active competitors

Employee Count

28 as on Apr 30, 2026

Similar Companies

Keurig Dr Pepper & 729 more

View Cove Drinks' full profile

Cove Drinks has raised a total funding of $6.46M over 5 rounds. Its first funding round was on Aug 30, 2019. Cove Drinks has 2 institutional investors.

Here is the list of recent funding rounds of Cove Drinks:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 18, 2025	3470268	Series A	5940522	5463485	1921804	5668913
Oct 17, 2024	1350875	Series A	1088934	2907087	7645654	3259876
Sep 07, 2021	6723588	Series A	7927934	7743688	1592958	9684754

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View details of Cove Drinks's funding rounds and investors

The founders of Cove Drinks are John MacLellan and Ryan Maclellan. John MacLellan is the CEO of Cove Drinks.

Here are the details of Cove Drinks' key team members:

John MacLellan: Co-Founder & CEO of Cove Drinks and founder of 1 other company.
Ryan Maclellan: Co-Founder of Cove Drinks and founder of 1 other company.

View details of Cove Drinks's Founder profiles and Board Members

Cove Drinks' employee count trend

Cove Drinks has 28 employees as of Apr 26. Here is Cove Drinks's employee count trend over the years:

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Top competitors of Cove Drinks include RJ Corp, Parle Products and Hain Celestial. Here is the list of Top 10 competitors of Cove Drinks, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	RJ Corp 1980, Gurugram (India), Series B	Brand of food & beverage products	$41.1M	ICICI Venture & 17 others	63/100
2nd	Parle Products 1929, Mumbai (India), Funding Raised	Manufacturer of food & beverages products	-	Serene Charitable Foundation, Pentagon Charitable Foundation ... & 1 others	59/100
3rd	Hain Celestial 1932, New York City (United States), Public	Multi-category food and beverage company	-	Bank of America, Triodos Investment Management ... & 4 others	53/100
4th	Premier Foods 1837, St Albans (United Kingdom), Public	Brand of processed food	-	Metropoulos	51/100
5th	Real Mushrooms 2015, Calgary (Canada), Unfunded	Internet first brand of mushroom powder & extracts	-	-	42/100
6th	Blue Monkey Tropical 2010, Vancouver (Canada), Late Stage	Multi-category food & beverages brand	-	Boyne Capital, Fifth Ocean Capital	40/100
7th	Campbell 1930, Toronto (Canada), Unfunded	Multi-category food & beverage company	-	-	36/100
8th	GreenSpace Brands 2002, Toronto (Canada), Public	Manufacturer of natural food products	-	Emblem, Pender Growth Fund & 1 others	36/100
9th	Pioneer Foods 1997, Cape Town (South Africa), Acquired	Multicategory food and beverage company	-	Identity Partners, Zeder & 2 others	35/100
10th	Summer Fresh 1991, Vaughan (Canada), Unfunded	Brand of dips, dressings, hummus, snacks, and meals	-	-	35/100
13th	Cove Drinks 2016, Halifax (Canada), Series A	Brand of soda and fresh juices	$6.46M	Canadian Imperial Bank of Commerce, Government of Canada ... Read more	33/100