Vita Coco attracts US$20M investment ahead of planned IPO

US – Coconut water brand Vita Coco has attracted a US$20 million investment from an entity affiliated with Keurig Dr Pepper.   The investment was made as a private placement, buying out an existing shareholder, Verlinvest Beverages, according to an updated S-1 filing with the Securities and Exchange Commission.  The updated S-1 filing did not identify the investor except to note that it was “an entity affiliated with Keurig Dr Pepper.”    The investment comes as Vita Coco moves a step closer toward its IPO which is expected to debut in October, this…

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