Jan. 4, 2023 — Puffin Drinkwear, which creates personality-infused gear for your drink to wear, said that it had raised a Series A round-headed by Village Family Capital and Jim Collis of Colfam Management. Arianna Moore, the company’s new CFO, will join the Puffin Drinkwear team, bringing considerable financial leadership expertise with Private Equity-backed firms. This expansion investment will help Puffin Drinkwear build a global brand and commercialize innovative new products.

Puffin Drinkwear’s business has risen dramatically after raising a SAFE Round in 2022. Puffin Drinkwear generated yearly recurring revenues by 53% in the previous year while growing its product range with more than 50 new SKUs and modernizing its technology. The brand’s retail presence has grown to include Bass Pro Shop, Scheels, Cabela’s, Dillard’s, L.L. Bean, and Public Lands. In addition, the business appointed Scott Allan, former CEO of Hydro Flask and a 25-year pioneer in the outdoor market, as temporary CEO.

“We are thrilled to partner with Village Family Capital and Colfam Management throughout this next step for Puffin,” interim CEO Scott Allan stated. “I’m excited to watch how the brand performs.”

“The Puffin team is proud of the tremendous growth over the last few years, which the unique relationship consumers have fueled have with our can coolers,” stated Puffin Drinkwear Founder Tyrone Hazen. “They allow friends and family to gather over a drink and enjoy the outdoors and beyond. Our purpose has always been to bring people together to have fun and do good. This investment allows us to extend our product line, increase our service standards, and expand our capabilities further. We are more confident than ever in bringing people together.”

Puffin Drinkwear is strengthening its footprint in the travel and leisure area with the release of ‘Time to Chill,’ a Spring/Summer 2023 range comprising all new designs, including robes, polos, and denim jackets. “We recognize Puffin Drinkwear’s range of highly creative and excellent goods,” Village Family Capital’s Jake Kindrachuk stated. “They consider every product detail, right down to the fabric yarns. Aside from that, we believe in their ambitious and appealing aim to bring joy through their brilliant and amusing beverage jackets. We’re happy to be a part of Puffin Drinkwear’s progress.”

Puffin Drinkwear was founded in 2019 to do good while having fun. The Bend-based firm swiftly gained popularity online and in retail, and its products are now available in over 4,000 retailers across the United States and Canada.

We try our  best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by! 

Next Article

Previous articleMiami-based healthcare platform Ostro closes Series B funding round
Next articleSkincare Brand Glowbar closes USD 10 million growth funding
Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.

LEAVE A REPLY

Please enter your comment!
Please enter your name here