The Ryl Company, parent company of iced tea beverage brand Ryl Tea, has secured $15 million in Series B funding. This investment will accelerate Ryl Tea’s nationwide expansion, enhance marketing efforts and support product innovation. This round follows a $7.5 million Series A in early 2024, bringing total funding to $30 million in growth equity.
With this round of funding, Ryl Tea is set to significantly expand its national footprint, according to the company, increasing distribution to over 40,000 stores by the end of 2025. Key retail distribution includes major chains like Walmart, Kroger, Albertsons, Costco, Publix, HEB, Meijer, 7-Eleven and other regional and national retailers.
“The Ryl Company is surging into an exciting phase of hyper-growth, and this capital raise will assist us in scaling to new heights, especially as we expand our retail presence and national distribution,” said chairman of The Ryl Company Leigh Feuerstein in a news release. “Under the direction of Founder and CEO Blodin Ukella, the team’s deep connection with consumers has set the stage for great success. Blodin is a remarkable leader with a clear vision and indefatigable energy, and we’re backing him with unbridled confidence in his ability to fuel Ryl’s expansion.”
This strategic expansion includes partnerships with industry leaders such as Big Geyser in New York Metro and Polar Beverage in the Northeast, according to the company, alongside numerous powerhouse direct-store-delivery systems throughout the country. In May, the brand is planning to unveil a new innovative product.
