Odyssey Wellness Completes $6.3M Series A Private Equity Funding

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Odyssey Wellness (Odyssey), makers of Odyssey Elixir, the first sparkling energy drink infused with functional mushrooms, announced today that it has completed a $6.3M series A capital raise bringing the total funding since inception to $8.3M.

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Monday, March 6, 2023
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Vitamins, Supplements, Food, Beverage, Generation Z, Women, Retail, Men, Convenience Store, Finance, Catalog, Online Retail, Consumer, Discount, Variety, Professional Services, Restaurant, Bar, Millennials, Health, Wine & Spirits, Supermarket, Specialty, Elixir, Burn, Acceleration, Cordyceps, Growth, Beta, Caffeine, Athlete, Trust, Wellness, Video game, Odyssey
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UNITED STATES, NORTH AMERICA, CALIFORNIA, FLORIDA
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ODYSSEY WELLNESS, ODYSSEY WELLNESS LLC
Summary
Key Points: 
  • Odyssey Wellness (Odyssey), makers of Odyssey Elixir, the first sparkling energy drink infused with functional mushrooms, announced today that it has completed a $6.3M series A capital raise bringing the total funding since inception to $8.3M.
  • The funding will enable the acceleration of Odyssey’s growth across all distribution channels.
  • Odyssey is disrupting the energy beverage category and is meeting a demand for consumers seeking better options, a burgeoning trend on a global scale.
  • Odyssey is exhibiting March 8-10 at the largest natural products industry trade show in Anaheim, CA at Booth N842.


Odyssey Wellness (Odyssey), makers of Odyssey Elixir, the first sparkling energy drink infused with functional mushrooms, announced today that it has completed a $6.3M series A capital raise bringing the total funding since inception to $8.3M. The funding will enable the acceleration of Odyssey’s growth across all distribution channels. Odyssey is disrupting the energy beverage category and is meeting a demand for consumers seeking better options, a burgeoning trend on a global scale. Odyssey is exhibiting March 8-10 at the largest natural products industry trade show in Anaheim, CA at Booth N842.

“We appreciate the infusion of capital and trust from our investors who bring incredible expertise and will be valuable strategic partners as we continue to build this brand. We believe Odyssey is just beginning to seize the opportunity in front of us as a differentiator in the category that will propel our growth,” said Scott Frohman, Founder and CEO of Odyssey.

Odyssey is the first sparkling energy beverage infused with 2500mg of fruiting body extracts from functional mushrooms (Cordyceps and Lion’s Mane) along with L-Theanine and Panax Ginseng that provide the benefits of nootropics, adaptogens and Beta glucans. Odyssey promotes brain performance, and boosts energy, focus, and mood. It delivers all these benefits without the notorious caffeine crash, artificial sweeteners, added sugar, or other ingredients associated with traditional energy drinks.

“Odyssey is a purpose-driven company on a mission to upgrade people from their habitual caffeine crash, jitters and burn out to a more sustainable energy. By utilizing the power of functional mushrooms and bringing them mainstream, we aspire to expand a growing population of conscious individuals that are more focused, more productive, and passionate about doing good, feeling good, and sharing those vibes with others,” added Frohman.

The market for Odyssey is being driven by a uptrending generations of forward-thinking Gen Z and millennial creatives, artists, techies, athletes and health conscious consumers, Odyssey targets the convergence of the $86 billion energy drink and $118 billion functional beverage markets. Since its debut last year, it is now available at over 5K brick and mortar locations, including natural, conventional retailers, and c-stores. It’s also become very popular in upscale bars, restaurants, hotels and music festivals.

ABOUT ODYSSEY WELLNESS LLC

Based in Ft. Lauderdale, FL, Odyssey Wellness LLC is the manufacture of Odyssey Elixir, a first-to-market mushroom-based functional energy beverage line infused with a high concentration of adaptogenic and nootropic fruiting body extracts from Lion’s Mane and Cordyceps. The mushrooms also contain beneficial Beta glucans known to support digestion, heart health and immunity. The company’s mission is to offer a new type of energy drink with caffeine derived from natural green tea, no added sugar, no preservatives, no artificial flavors, or sweeteners. Odyssey is vegan, Non-GMO, and kosher. Odyssey boosts energy, focus, and mood. For more info visti: https://odysseyelixir.com/ or IG:@odysseyelixir

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