Award Winning Løs Sundays Tequila Secures $3.5 Million Series A Round, Closed Out by CircleUp Growth Partners
Rapidly growing tequila brand, Løs Sundays shares massive expansion plans with the close of its funding round
COSTA MESA, Calif.–(BUSINESS WIRE)–Løs Sundays, the fast-growing, and award-winning, premium tequila brand, today announces a $3.5 million Series A funding round which included San Francisco-based investment group, CircleUp Growth Partners, joining earlier investments from Ketch Ventures and Room9.
A testament to the brand’s rapidly growing consumer demand, the funding will be used to support the brand’s impressive expansion as they grow their footprint across the United States, launching into 30 new markets in the US and two countries in the first half of the year.
“The tequila industry has been traditionally dominated with more serious, mature, and masculine advertising, and we felt that there was an opportunity to introduce a high-quality brand with a more inclusive and relatable approach to the category and its growing consumer base,” says Mitchell Hayes, CEO and Founder of Løs Sundays. “The team is very humbled that CircleUp Growth Partners is joining the Løs Sundays family, and we are thrilled to see our love for tequila combined with our passion for creativity evolve and grow into a brand that is winning new consumers and growing quickly in the alcohol beverage space.”
“CircleUp Growth Partners looks to invest in companies that are disrupting large and stale categories,” says Karen Howland, Managing Director and General Partner at CircleUp Growth Partners. “Løs Sundays edgy marketing resonates with the younger female demographic which is often overlooked by mainstream tequila brands. Our proprietary Helio database identified Løs Sundays as massively punching above its weight on social engagement on a national level despite only having regional west coast distribution at the time. We are thrilled to partner with this brand for the next stage of growth.”
Disrupting the industry and capturing consumer attention, Løs Sundays crafts premium quality tequila using hand-selected, sustainably farmed, 100% Blue Weber Agave. With a clean and smooth taste, Løs Sundays has been recognized by the International SIP Awards, San Francisco World Spirits Award, and Best Tasting Spirit Awards.
Going beyond the bottle, their all-female marketing team of co-founders has focused on engaging new consumers across modern digital mediums, and creating sought-after merchandise. This strategic approach has allowed Løs Sundays to organically grow a loyal and dedicated audience of like minded Sundays’ people.
The eye-catching appeal has been paramount in gaining national distribution with Southern Glazer’s Wine and Spirits and the brand is currently expanding into the following markets:
California (CA), Texas (TX), Washington (WA), Minnesota (MN), South Carolina (SC), Maryland (MD), Missouri (MO), New Mexico (NM), Indiana (IN), Kansas (KS), Nevada (NV), New York (NY), Nebraska (NE), Arizona (AZ), Kentucky (KY), District of Columbia (DC), Delaware (DE), South Dakota (SD), Illinois (IL), Oklahoma (OK), Arkansas (AK), North Dakota (ND), Louisiana (LA), Hawaii (HI), Florida (FL), Colorado (CO), Massachusetts (MA), Rhode Island (RI), Georgia (GA), Tennessee (TN)
For more information and availability, please visit www.lossundays.com. To keep up with the latest product drops and brand news, please follow Løs Sundays on Instagram @Los_Sundays
About Løs Sundays
Established in September 2017, Løs Sundays is an award-winning tequila with a signature smooth finish. Crafted from a unique blend of sustainably farmed highland and lowland, 100% Blue Weber Agave, Løs Sundays is distilled in a family-owned, female run distillery in the heart of Jalisco, Mexico. With a product portfolio currently consisting of three expressions including Blanco, Reposado, and a Coconut-infused Blanco, these tequilas are complimented by sought-after merchandise and a viral social following that differentiates Løs Sundays as an innovative newcomer in the rapidly growing tequila category. For more information and availability, please visit www.lossundays.com. To keep up with the latest product drops and brand news, please follow Løs Sundays on Instagram @Los_Sundays.
About CircleUp Growth Partners
Founded in 2009, CircleUp is a privately owned company on a mission to empower entrepreneurs with the funding and support that they need to thrive. Having facilitated investments for 500+ brands and counting, CircleUp uses their business technology platform, Helio, to increase the speed, quality, and objectivity of decision making in the private company landscape. Using a unique combination of data and machine learning technology, CircleUp makes it possible for underserved entrepreneurs to finally get the support they deserve. With a vast network of entrepreneurs, institutional investors, industry experts, and flexible financing solutions, CircleUp is shining a light on untapped human potential and transforming the world of private enterprise. For more information please visit: www.circleup.com.
Carolyn Kocjan, Power Digital