The Ryl Company Raises $15 Million in Series B Funding to Drive Growth and Innovation
April 14, 2025 – Ryl Tea’s parent company, The Ryl Company, successfully raised US$ 15 million in series B funding to fuel innovation and growth across the United States. Founded by Blodin Ukella and Morgan Wallen in 2022, the company aims to use new capital to accelerate Ryl Tea’s expansion in the nation, foster product innovation, and enhance marketing efforts.
Ryl Tea, a functional, better-for-you iced tea brand, is redefining the RTD tea category with clean ingredients and targeted wellness benefits. Each bottle of Ryl Tea contains less than 5 calories, 0 sugar, and no synthetic ingredients. This makes it a guilt-free and healthy refreshment option for modern consumers.
Ryl Tea’s signature Antioxidant Superblend is at the core of every brew, crafted to provide a rich source of Vitamin C and a strong concentration of naturally occurring tea polyphenols. The company’s tea is available in a wide range of nostalgic iced tea flavors, including raspberry, peach, green citrus, and many more, offering a refreshing and health-conscious choice for tea lovers.
With the new funding, Ryl Tea will significantly expand its nationwide footprint, increasing distribution to over 40,000 stores, including Kroger, Walmart, Costco, etc. It will empower the company to introduce new product lines, which can positively impact overall sales of iced tea during the forecast period.
According to Coherent Market Insights (CMI), the global iced tea market is expected to record significant growth during the forecast period. Rising demand for ready-to-drink (RTD) beverages and product innovation and flavor expansion, such as that of Ryl Company, will likely shape this growth.
“There is a growing consumer preference for low-calorie, low-sugar, and antioxidant-rich beverages across the United States and other nations. This is pushing better-for-you beverage brands like Ryl Tea towards new product developments and expansion strategies, thereby fostering growth of the iced tea industry,” says a senior analyst at CMI.”
New funding will help The Ryl Company to enter a hyper-growth stage as well as expand its presence in the United States. It can set a perfect stage for the growth of ice tea industry during the forecast period.
The Ryl Company will look to introduce innovative products to woo more and more customers in the nation. It can help the company to strengthen its presence in the ice tea industry in the coming years.
Other iced tea manufacturers, including Arizona Beverages and Pure Leaf, may follow Ryl Tea’s suit by focusing on product innovation, marketing, and regional expansion. They will look to develop low-sugar, low-calorie tea in different flavors to meet growing consumer demand for healthy beverages. This can intensify competition as well as spur market growth.
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Multimedia Company: FoodBev Media Ltd
