Jordan Gaspar, managing partner at AF Ventures, added: “Proud Source Water’s recyclable aluminium packaging offers consumers a much-needed alternative to plastic bottles, which are filling up our landfills and oceans. PROUD SOURCE WATER is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to age, race, religion, creed, sex, sexual orientation, gender. The investment round was led by venture capital firm AF Ventures, formerly known as AccelFoods. Plastic-free is the future and we can’t wait to hydrate more communities the right way.”
To never source more than 5 of the daily water output from our spring sources. To use systems that minimize carbon footprint and promote zero water loss during bottling. To operate all production facilities with 100 renewable energy, including the use of solar power. “With this investment capital, we can deliver it straight from the source to consumers nationwide as we focus on overall growth. Proud Source Water has committed to the following: 1. recyclable aluminum bottles, which eliminate single-use plastics. Proud Source Water has 37 employees at their 1 location and 6 m in total funding. Proud Source Water’s president, CJ Pennington, said: “Mackay, Idaho, which is home to our small community of hard workers, has always been known for its pristine, naturally filtered and minerally rich water. Proud Source Water markets natural alkaline spring water in 12-fl.oz., 16-fl.oz. Proud Source Water’s alkaline water products are packaged in fully-recyclable aluminium bottles, and the brand claims that its plastic-free packaging has proven popular as sustainability has become a key issue for many consumers. Based on the B Impact assessment, Proud Source Water earned an overall score of 80.7.
The water brand states that it will use the investment to deepen its roots in existing retail channels, scale up production of its products and expand its reach into new retail channels across the US, as it aims to meet increasing demand from eco-conscious consumers. Proud Source Water has received financial backing from new investors, which it will use to expand the distribution of its aluminium-bottled alkaline water products.
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