Today, I'm excited to share that
The Ryl Company™ has closed a $20 million Series C led by Purchase Capital.
When we launched Ryl Tea, we had a simple belief:
Tea is one of the most loved beverage categories in America, yet it hadn't evolved alongside the preferences of today's consumer.
Consumers have embraced better-for-you alternatives across soda, energy, and hydration. They want less sugar, better ingredients, functional benefits, and brands that feel relevant to their lives.
We believed tea deserved its own modern movement.
Fast forward to today:
(1) Ryl Tea grew 157% over the last year (source below)
(2) We've established a national Direct Store Delivery (DSD) footprint
(3) We announced a multi-year licensing partnership with Hershey to launch the first Jolly Rancher-inspired iced teas
(4) And we're continuing to invest behind what we believe can become the defining brand of the Modern Tea category
None of this happens without an incredible team.
To every employee across Ryl: thank you. Building a beverage company is hard. Building one at the pace we've been operating requires people who care deeply, move quickly, solve problems relentlessly, and show up every day ready to compete. This milestone belongs to every member of our team.
I'd also like to thank our retail partners, distribution partners, manufacturing partners, licensors, advisors, and investors. Thank you for believing in our vision, trusting our team, and helping us build something special. We are grateful for every partner who has been part of this journey.
Most importantly, thank you to the consumers who continue to choose Ryl Tea. Everything starts there.
This raise isn't a finish line.
It's fuel.
For years, we've watched modern brands reshape soda, energy, and hydration.
We believe tea is next.
We're just getting started.
#RylTea #ModernTea #CPG #Beverages #Entrepreneurship
Sources: Circana (Total US MULO+ with Convenience, 52 Weeks Ending May 17, 2026)