WALTHAM, Mass., Aug. 25, 2017 /PRNewswire/ -- Inc. magazine today ranked Spindrift, the first sparkling water made with real fruit, No. 385 on its 36th annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. With more than 1,119 percent three-year sales growth, Spindrift also earns the place of fastest growing sparkling water brand, according to Inc. Magazine. The brand also ranks No. 16 in the Food & Beverage category, No. 13 in Massachusetts and No. 14 in the Boston metro area.
Driven by consumer demand for brands that offer simple ingredients and a focus on transparency, Spindrift has been able to grow steadily in the emerging sparkling water space. Most recently, Spindrift announced the closing of $10 million of new growth capital led by VMG Partners, a private equity firm that specializes in investing in and building branded consumer product companies. Additional investors in the round include Prolog Ventures, Karp Reilly, and other existing investors.
"We are excited and humbled by the continued support and passion for our brand," says Founder & CEO Bill Creelman. "It's a rewarding challenge to break through the sparkling water category by moving away from the conventional way of production – natural flavors – and offering consumers a beverage made with only real ingredients."
The list represents a unique look at the most successful companies within the American economy's most dynamic segment— its independent small and midsized businesses. Companies such as Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.
"The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive," says Inc. President and Editor-In-Chief Eric Schurenberg. "The founders and CEOs of the Inc. 5000 tell us they think determination, risk taking, and vision were the keys to their success, and I believe them."
Creelman started Spindrift in 2010 as a solution to kick his soda addiction, and to create something he felt comfortable giving to his young kids. The decision to use real fruit originated from growing up on a farm in Western Mass. where his food was sourced primarily from local farms. From the kitchen to the board room, Spindrift began in Creelman's house in Charlestown, Mass. and now has more than 30 employees. Spindrift is distributed in key retailers such as Whole Foods, Trader Joe's, Target and Costco.
Spindrift is the first and only sparkling water made with real, fresh fruit. Founded in 2010, Spindrift celebrates simplicity, transparency and the superior taste that only real ingredients can deliver. All products have no added sweeteners and only consist of triple-filtered sparkling water and real fruit – yup, that's it! Fruit is picked from family farms and then squeezed within a few days from harvest. The result is light, bright, and flavor-rich sparkling water. Spindrift retails for $5.99 for an eight pack 12 oz. cans, and real fruit flavors include Strawberry, Orange-Mango, Grapefruit, Blackberry, Cucumber, Lemon, and Raspberry-Lime. They are available nationwide at key retailers such as Trader Joe's, Whole Foods, Target, Costco and Panera. Spindrift was ranked #385 on Inc. Magazine's 2017 list of fastest-growing companies. The company also donates 1% of total net sales to not-for-profits through their 5 year membership to 1% For The Planet. The company was founded in 2010 and is headquartered in Waltham, MA.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.