Renewal4 Invests in Evive
Evive Closes Series A Funding With Renewal Funds, A Mission-Based Venture Capital Firm That Invests In Sustainable Companies
Montreal, QC (June 26, 2020) – Evive, a leader in organic, plant-based smoothies, has received a $3.85M Series A funding led by Renewal Funds, a mission-based venture capital firm in Vancouver, B.C. Renewal Funds invests in early growth stage companies with a mission-aligned management team that offer products and services that are good for people and the planet.
The partnership between Evive and Renewal Funds will accelerate Evive’s mission of making plant-based foods more accessible and affordable. Evive’s products boasts industry leading innovation at an affordable price point that allows consumers for a blender-free smoothie experience with clean and plant-based ingredients.
“Evive’s unique value proposition has garnered a soaring loyal customer base in the rapidly-evolving smoothie category” said Renewal Funds’ Jerrod Shin, who has joined the company’s Board of Directors. “Dominic and Claudia’s commitment to sustainability through innovation, clean ingredients, and values-aligned business practices resonated with us”
Renewal Funds joins existing investors, led by New Ground Ventures, to help the brand seize the next level of scale across North America.
“In terms of our respective roles within the company, I love the fact that my partner has the entrepreneurial flair in his blood. His tenacious, innovative, and creative mind makes him an excellent asset, as well as an incredible partner. On my end, Dominic has always defined my role as the soul of the company.” said Claudia Poulin, Co-Founder of Evive.
Dominic and Claudia founded Evive in 2015 to address the dearth of convenient, ready-to-eat vegan options, a lifestyle they both espouse. The founders set out to create innovative organic, plant-based products and a strong brand that resonated with millennials and represented their strong environmental values. Evive has become one of the fastest growing organic smoothie brands today, now led by 21 employees, 86% of which are women.
Evive’s products are offered online directly through its website at https://bit.ly/2LZRMqf and is carried in more than 2 000 stores including Whole Foods, Sobey’s, Loblaws, Longos, Healthy Planet, and many other retailers throughout Canada.