Nexba produces a range of more than 20 sugar-free beverages, including flavoured sparkling waters, soft drinks, flavoured tonic waters, kombucha and probiotic drinks. The products are sweetened with stevia leaf extract and erythritol. Founded in 2010 by Troy Douglas and Drew Bilbe, Nexba secured supermarket distribution with Coles and launched in the UK via Sainbury’s at the end of 2018. The company says it has moved from startup to scale-up and plans to use the Series A to support international expansion, targeting additional large markets such as the US. Financially, gross revenues grew 148% to $6.2 million in FY2018 and management forecast revenues of $12.5 million for FY2019; the customer base rose 202% year‑on‑year to 460,000 Australian households. The business also highlights strong direct online sales alongside its retail partnerships.

Total raised

$6M

Funding rounds

1

Latest round

Series A

Latest activity

May 2019