Balance Water Inc. (West Orange, N.J.) has closed a Series A financing round from Emil Capital Partners, the financier Thomas H. Lee, and Australian actor Hugh Jackman. Balance is an unflavored functional beverage infused with wild harvested Australian flower essences for focus, relaxation, digestion and other physical and emotional benefits.
The company is aiming to expand beyond natural product channels into mainstream retail. “Balance is a unique, scalable beverage that we believe has the potential to be a world-class brand,” said Andreas Guldin, chief executive at Emil Capital. In 1992, Thomas H. Lee Partners bought Snapple for $135 million and two years later sold it to Quaker Oats for $1.7 billion. Balance Water was a presenting company at NCN VIII in New York in Spring 2011.
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