COVE SODA® RAISES $15 MILLION USD SERIES A LED BY VANTERRA VENTURES TO RAPIDLY EXPAND DISTRIBUTION OF ITS FUNCTIONAL SODA

HALIFAX, NS, Nov. 4, 2025 /CNW/ - Cove Soda, a Canada-based functional carbonated soft drink (CSD) brand, today announced that the company has closed a $15 million USD Series A round led by Vanterra Ventures, a leading venture and growth equity fund known for backing high-growth consumer health companies. The round also includes investment from RiverPark Ventures, The Palm Tree Crew, Simple Food Ventures, Diplo, Miles Teller, The Chainsmokers, Michael Rubin, Dan Lourenco, Jack Eichel, Aaron Ekblad, Matt Chapman, and JD Martinez. This new funding will support the company's continued rapid growth across North America, the introduction of new flavors, and the hiring of key talent.

Since launching its zero-sugar probiotic sodas in 2023, Cove has seen explosive growth across Canada and the U.S. where it can be found in over 7,000 retail doors including Costco, Target, Whole Foods Market, and Sprouts. Cove also recently announced a major distribution partnership with Keurig Dr. Pepper (KDP) Canada where KDP will use their expansive distribution network and strong retail relationships to accelerate Cove Soda's market penetration even further.

"Cove represents the next wave of innovation in the $250 billion carbonated soft drink market," said John MacLellan, Co-Founder & CEO at Cove. "Partnering with Vanterra Ventures marks an exciting step forward as we accelerate our momentum and bring our vision to life heading into 2026 and beyond."

Cove was founded in Halifax, Nova Scotia, by brothers John and Ryan MacLellan who were seeking healthier everyday refreshments that reminded them of their childhood. Ryan, the Chief Innovation Officer with a background in physics, has meticulously crafted each flavor to most closely resemble the delicious, nostalgic flavors that consumers crave, while hitting on function. "Flavor is at the forefront of everything we do at Cove," he said.

"At Vanterra, we seek out innovative companies disrupting massive markets within consumer health," said Ellis Fried, Principal at Vanterra Ventures, who has joined Cove's Board of Directors. "Cove is emblematic of that strategy as it brings the world's first zero-sugar functional soda to market with delicious, nostalgic flavors, quickly winning over consumers across North America."

Consumers can purchase Cove Soda on Amazon and at thousands of retailers across North America including Costco, Target, Whole Foods, and Sprouts. To stay up to date on the latest news and product launches, visit www.covedrinks.com and follow the brand on Instagram and TikTok.  

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SOURCE Cove Drinks