Genius Juice Announces Funding from Tech Coast Angels Orange County
Genius Juice, a fast growing CPG beverage brand with headquarters in Torrance, California, is pleased to announce it has closed its latest round of capital from a new investment fund launched this year by the Orange County chapter of Tech Coast Angels. Genius Juice is a leading/pioneering provider of plant-based clean label organic bottled smoothies.
“It’s truly an honor to receive an investment from the Tech Coast Angels, Orange County (TCA OC) chapter,” said Genius Juice CEO, Alex Bayer “It brings validation to our company as a whole, and we are excited to continue building the brand and have resources available to us from such a great network.”
TCA OC member Ray Weston led the due diligence and negotiations for Tech Coast Angels members. He added: “We were pleased to meet Alex Bayer and learn about the progress Genius Juice has made in developing products and distribution channels since appearing on Shark Tank earlier this year. While it is outside our core technology focus, Genius Juice has the type of innovative approach that TCA members like to support.”
The new investment in Genius Juice is the 7th investment from the TCA OC 2020 Fund. A new pool of startup capital collected from TCA members, the Fund’s goal is to support entrepreneurs and start-up’s by investing in 10-15 innovative companies each year.
“While the TCA OC 2020 Fund is our inaugural investment fund,” said Jim Pickell, Fund Chair, “we’re putting early stage capital to work more quickly and efficiently than ever before. We invite founders of start-up companies that require capital to scale, to apply online to screen with Tech Coast Angels.”
ABOUT GENIUS JUICE WHOLE COCONUT SMOOTHIES
Alex Bayer founded Genius Juice to bring the most healthy, most delicious smoothies to market with zero-waste. It’s the first beverage company in the U.S. that uses whole coconut as its main ingredient. Genius Juice smoothies are USDA Organic, non-GMO, gluten-free and soy-free with no added sugars or preservatives. They are vegan certified and have more potassium and fiber than the leading coconut water drink. Coconut meat is a great source of healthy fats and medium-chain triglycerides that break down rapidly to provide almost instant energy. Genius Juice can be ordered online for delivery or shoppers can find Genius Juice on Amazon.com and in 1000+ local retailers across the country by using the Store Locator at https://geniusjuice.com.
Contact: Alex Bayer, Founder & CEO
ABOUT TECH COAST ANGELS (TCA)
TCA is one of the largest and most active angel investor networks in the nation, and a leading source of funding for seed-stage and early-stage companies. The angel network is comprised of five chapters, consisting of over 450 members in Southern California. Every TCA member is an accredited investor, and companies in which TCA invest go through well-structured, transparent, time-efficient screening and due diligence. TCA members are founders and business leaders who have extensive knowledge in the investment process and world-class business practices, and thus are able to provide companies with more than just capital: they also contribute counsel, mentoring and access to an extensive network of investors, customers, strategic partners and management. Since its founding in 1997, TCA has invested over $240 million in more than 435 companies and has helped attract more than $1.6 billion in additional capital/follow-on rounds. http://www.techcoastangels.com.
SOURCE: Tech Coast Angels
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