Hollywood actor Hugh Jackman has re-upped his investment in Australian bottled spring water company Balance to help it close a Series A round.
Renowned private equity investor Thomas H Lee also took part in the financing round, which was led by Connecticut-based Emil Capital Partners.
Balance hand picks Australian wild flowers growing in remote locations and turns them into essences, which it adds to high altitude spring water to create its drinks.
The firm already has bottling plants in California, New York and Sydney and plans to open a German facility next month.
Emil Capital CEO Andreas Guldin said, “We are a family fund that has a focus in health, environment and premium consumer products.
“Balance is a unique, scalable beverage that we believe has the potential to be a world class brand.”
Thomas H Lee gained beverage notoriety for his success in acquiring, growing and later selling Snapple, while X-Men star Jackman has been a long time consumer of Balance and was an early angel investor.
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