USA: Zevia secures $200 million investment

Global institutional investor Caisse de Depot et Placement du Quebec (CDPQ) has invested $200 million in the US beverage producer Zevia.

Zevia is headquartered in Los Angeles and produces zero-calorie, stevia-sweetened soft drinks, organic teas, and mixers that are distributed in the US and Canada.

Zevia CEO Paddy Spence commented: “Zevia is focused on making the world a better place through sustainable, affordable products that taste great and feature simple, plant-based ingredients – and we look forward to partnering with CDPQ, an investor which sees environmental, social and governance (ESG) matters as an opportunity to generate sustainable growth that benefits everyone”.

Zevia plans to use a portion of the investment to further its global expansion strategy.

Source: FoodBev