Never mind supermarkets, entrepreneur Zak Normandin says the future of beverage is on your phone by chloesorvino
Share to linkedinZak Normandin
“The entire market is going to become completely fragmented in beverage,” he says from his Soho office. “You’re going to have categories pop up that people didn’t know about before. It’s not going to be as straightforward as you have carbonated soft drinks, teas and waters.” Normandin renamed the parent company Iris Nova last year, raising $15 million in seed capital in a funding round led by Coca-Cola North America’s Venturing and Emerging Brands unit. It also acquired Poncho, a machine-learning based chatbot startup that was originally built for communicating weather updates in a conversational way. The challenge he faces now is proving it can scale beyond one specialty brand.
So far, the funds used to invest in these startups have come from Iris Nova’s seed round. At the time, Normandin set aside $1 million. Sources close to the company now say it is nearing a deal to close a new $5 million round, which would mainly fund the venture arm.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Secret History of Fort Detrick, the CIA’s Base for Mind Control ExperimentsToday, it’s a cutting-edge lab. In the 1950s and 1960s, it was the center of the U.S. government’s darkest experiments.
Read more »
20 Facts About 'The Dark Crystal' That Are Low-Key Mind-BlowingThe baby from Labyrinth grew up to work on the puppets in The Dark Crystal: Age of Resistance!
Read more »
The Fenty Beauty Shade That Changed My Mind About Bright Lipstick ForeverI only wore nude lipstick, until I tried Fenty Beauty’s Dragon Mami
Read more »
7 Ways to Potty-Train Your Kiddo ASAP Without Losing Your MindFrom mini toilets to old-fashioned bribery, parents shared it all!
Read more »
Orel Hershiser Says Hyun-Jin Ryu Is NL's Cy Young, 'My Mind & My Heart' Say It!Sorry, Jacob deGrom ...
Read more »
Your Horoscope This Week: Get Ready for a Balanced State of Mind (Finally)See what the stars have in store for you this week.
Read more »