US-based organic juices and smoothies producer Suja Juice has attracted $21m in funding from investors including corporate-backed joint venture Evolution Media Partners.
Evolution serves as a joint venture for media company Participant Media, private equity fund TPG Growth and Evolution Media Capital, a merchant bank affiliated with talent agency Creative Artists Agency. Actors Sofia Vergara, Leonardo DiCaprio and Jared Leto also participated in the round.
Incorporated in 2012, Suja Life, Suja Juice’s parent company, has raised approximately $47.5m altogether, according to regulatory filings. It announced the funding on Thursday, but an SEC filing indicates the capital was raised in early December.
Suja will use the funding to expand its manufacturing facility. The company expects to double its revenue this year.
– Image courtesy of Suja Juice