Tampa beverage company raises $70M, attains $1B valuation

Cirkul’s Series C funding round was led by New York-based SC Holdings.

By Business Observer Staff
| 11:10 a.m. June 15, 2022
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More than 4,200 Walmart stores across the country carry products made by Tampa beverage company Cirkul. (Courtesy photo)

Tampa Bay-Lakeland

Cirkul, a Tampa beverage company that makes environmentally friendly flavor cartridges and reusable water bottles, has raised $70 million in a Series C round led by SC Holdings, a New York private equity firm.

According to a news release, Cirkul — founded in 2018 by Garrett Waggoner and Andy Gay, who got the idea for Cirkul's products while they were students at Dartmouth College — has also reached a pre-money valuation of $1 billion. Walmart stocks the company’s products in 4,200 stores across the country.