SoCIAL LITE Vodka
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
SoCIAL LITE Vodka - overview
Established
2013
Location
Toronto, ON, Canada
Primary Industry
Consumer Products
About
SoCIAL LITE Vodka is a Canadian beverage company specializing in the production of ready-to-drink vodka beverages that cater to health-conscious consumers. The brand focuses on delivering lower-calorie options without compromising on flavor. SoCIAL LITE Vodka, founded in 2013 in Toronto, Canada, produces ready-to-drink vodka beverages targeted at health-conscious consumers. The company was established by co-founders Daniel Beach and Neetu Godara.
Daniel Beach has a history in the beverage industry that informs the brand's strategic direction. The company has completed two deals, with the most recent investment occurring on June 4, 2021, when they raised funding from Sleeman Breweries. SoCIAL LITE Vodka offers a range of ready-to-drink vodka beverages designed for consumers seeking low-calorie alternatives. The products are crafted to deliver a flavorful experience while maintaining a focus on healthier ingredients, appealing to a variety of demographics including individuals and social gatherings.
The brand positions itself within the growing market of health-conscious alcoholic beverages and has expanded its product line in response to consumer trends. SoCIAL LITE Vodka generates revenue primarily through the sale of its ready-to-drink vodka products. The company leverages partnerships with distributors and retailers to reach a broad customer base. Specific pricing models and revenue figures are not disclosed, but the revenue structure is supported by targeted marketing efforts aimed at reaching health-conscious consumers, enhancing brand visibility in the competitive beverage industry.
SoCIAL LITE Vodka plans to utilize the recent funding raised on June 4, 2021, to support the development of new product lines aimed at expanding their offerings in the ready-to-drink category. The company is also exploring opportunities for market expansion within North America, targeting specific regions for growth by the end of 2023. The strategic focus is on enhancing their brand presence and distribution capabilities to reach a wider audience.
Current Investors
District Ventures Accelerator, Sleeman Breweries
Primary Industry
Consumer Products
Sub Industries
Alcoholic Beverages
Website
http://www.sociallitevodka.com
Company Stage
Early Stage
Total Amount Raised
Subscriber access only

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.