Tree water company Sapsucker receives equity investment

Organic sparkling tree water company, Sapsucker, has secured an equity investment from Canadian venture capital fund, District Ventures Capital.

Established in 2015, Sapsucker produces a range of sustainably harvested beverages from Canadian maple trees.

The company’s lightly carbonated tree waters are said to be rich in nutrients, with 46 naturally occurring minerals, vitamins and antioxidants, and contain no added sugar.

According to District Ventures Capital, Sapsucker experienced ‘breakthrough’ sales and distribution in 2020. The brand’s sparkling beverages can be purchased at retail locations nationwide in Canada, as well as online through Sapsucker’s website.

“Canada is home to an abundance of natural resources and we are proud to partner with a company that has tapped into a rapidly growing category by using Canadian ingredients to create a refreshing new product,” said Arlene Dickinson, general partner at District Ventures Capital.

“Sapsucker embodies innovation and has created exciting new products for consumers that are delicious, sustainable and all-natural.”

Tim Lute, CEO of Sapsucker, added: “At Sapsucker, we’re incredibly passionate about producing sustainable products that are one-of-a-kind delicious and better for you.

“In partnering with District Ventures, we gain the expertise of a fund that understands our mission and brings comprehensive experience in growing emerging CPG brands.”

District Ventures Capital, alongside Export Development Canada, recently led a financing round in gut-friendly food producer Fody Food Co.