Spindrift - About the company
Spindrift is an acquired company based in Newton (United States), founded in 2010 by Bill Creelman. It operates as a Provider of a beverage company that produces a range of unsweetened sparkling waters made with real, squeezed fruit, offering a unique and refreshing beverage option for consumers. Spindrift has raised $75.7M in funding from investors like Prolog Ventures, VMG Partners and KarpReilly. The company has 164 active competitors, including 21 funded and 22 that have exited. Its top competitors include companies like Recess, Dash Water and Fever-Tree.
Company Details
Provider of a beverage company that produces a range of unsweetened sparkling waters made with real, squeezed fruit, offering a unique and refreshing beverage option for consumers.
- Website
- drinkspindrift.com
- Email ID
- *****@drinkspindrift.com
Key Metrics
Founded Year
2010
Location
Newton, United States
Stage
Acquired
Total Funding
$75.7M in 9 rounds
Latest Funding Round
Investors
Ranked
8th among 164 active competitors
Employee Count
233 as on Jul 31, 2026
Exit Details
Acquired by Gryphon Investors (Jan 16, 2025)
Legal entities associated with Spindrift
Spindrift is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SPINDRIFT BEVERAGE CO., INC. CIN: 454807439 , United States, Active | Dec 13, 2012 | - | 200 (As on Dec 31, 2024) | - |
Spindrift's acquisition details
Spindrift got acquired by Gryphon Investors on Jan 16, 2025.
Click here to take a look at Spindrift's acquisition in detail
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Spindrift's funding and investors
Spindrift has raised a total funding of $75.7M over 9 rounds. Its first funding round was on Jan 2013. Spindrift has 9 institutional investors.
Here is the list of recent funding rounds of Spindrift:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 29, 2020 | 1059353 | Series C | 9503689 | 6291402 | 2446989 | 7492782 |
Mar 05, 2020 | 1462292 | Series C | 8172514 | 8717256 | 4744756 | 8482751 |
Mar 15, 2018 | 9069099 | Series B | 1492212 | 1518132 | 2262204 |
View details of Spindrift's funding rounds and investors
Spindrift's founders and board of directors
Founder? Claim ProfileThe founders of Spindrift is Bill Creelman. Bill Creelman is the CEO of Spindrift.
Here are the details of Spindrift's key team members:
- Bill Creelman: Founder & CEO of Spindrift.
View details of Spindrift's Founder profiles and Board Members
Spindrift's employee count trend
Spindrift has 233 employees as of Jul 26. Here is Spindrift's employee count trend over the years:
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Spindrift's Competitors and alternates
Top competitors of Spindrift include Recess, Dash Water and Fever-Tree. Here is the list of Top 10 competitors of Spindrift, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Recess 2018, New York City (United States), Series B | Calm, cool, collected functional beverages for relaxation and focus | $57.7M | 62/100 | |
2nd | Dash Water 2017, London (United Kingdom), Series A | Brand of carbonated water | $23.2M | 60/100 | |
3rd | Fever-Tree 2003, New York City (United States), Public | Brand of soda | $71.6M | 57/100 | |
4th | Waterloo Sparkling 2017, Austin (United States), Acquired | Manufactures and supplier of aromatic water | $7.18M | 57/100 | |
5th | Yerbae 2017, Scottsdale (United States), Acquired | Provider of sparkling water processing services | $5M | 54/100 | |
6th | Poppi 2015, Dallas (United States), Acquired | Brand of flavoured soda | $40M | 52/100 | |
7th | Brand of sparkling drinks for kids | - | - | 46/100 | |
8th | Spindrift 2010, Newton (United States), Acquired | Provider of a beverage company that produces a range of unsweetened sparkling waters made with real, squeezed fruit, offering a unique and refreshing beverage option for consumers | $75.7M | 42/100 | |
9th | Hellowater 2017, Chicago (United States), Seed | Manufacturer & brand of packaged water | $2.83M | 41/100 | |
10th | AQUA Carpatica 2016, Wilmette (United States), Seed | Brand of water | - | 40/100 |
Looking for more details on Spindrift's competitors? Click here to see the top ones
Spindrift's Investments and acquisitions
Spindrift has made no investments or acquisitions yet.
Reports related to Spindrift
Here is the latest report on Spindrift's sector:
News related to Spindrift
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Spindrift Secures Athlete Investment and Endorsements to Expand Beverage PresenceVendingmarketwatch•Jul 15, 2025•Patricof Co, Spindrift
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Sparkling Water Brand Spindrift Acquired by Investment FirmFood Manufacturing•Jan 21, 2025•Spindrift
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Spindrift Agrees Sale to PE Firm Gryphon Investors; Dave Burwick Named CEOBevNET.com•Jan 14, 2025•Spindrift
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Gryphon Investors’ Investment in phDataGlobal Legal Chronicle•Jan 14, 2025•Gryphon Investors, phData, Kirkland & Ellis, Gunderson Dettmer and 3 others
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Spindrift Close to $650M Sale to Private EquityBevNET.com•Dec 05, 2024•Spindrift, Gryphon Investors, Dessert Holdings, Eight o'clock Coffee
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Spindrift Renews, Expands Headquarters Space in Newton, MassachusettsBetter Built by Barnes•Aug 24, 2023•Spindrift
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