Hawaii Volcanic Water is saying “aloha” to the West Coast. The premium bottled water brand announced it has raised $10 million in a funding round that includes an equity investment from beverage accelerator L.A. Libations, while pro ‘Soul Surfer’ Bethany Hamilton also joins the brand’s team. The new funding will go towards doubling the brand’s door count to 8,000 in the coming months through the support of L.A. Libations, with much of that expansion coming from the mainland U.S., according to Hawaii Volcanic founder Jason Donovan. Founded in 2012, the brand spent most of its first decade selling exclusively in Hawaii. With L.A. Libations on board, as well as distribution partner PepsiCo, the brand is now expanding its presence in California and Nevada with accounts like Albertsons, Vons and Pavillions. Hawaii Volcanic has also partnered with pro surfer Bethany Hamilton, who has joined the brand as an equity partner. The Hawaii-born surfer famously survived a shark attack in 2003, when she was 13, in which her left arm was bitten off. She quickly mounted a return to surfing, winning a 2004 ESPY Award, and was later the subject of the 2011 biopic Soul Surfer. According to Donovan, Hamilton was a longtime fan of the brand and reached out to the company about potential partnerships. “I am so excited to be part of the Hawaii Volcanic team,” Hamilton said in a press release. “The brand has incredible Hawaiian Authenticity, and that authenticity including truly being pono and ‘doing what’s right’ deeply resonates with my core beliefs and is part of what drove me to this brand.” Read the full story on BevNET |