Gerber Finance, an eCapital company and finance partner for companies experiencing accelerated growth, closed a $10 million line of credit to ZOA Energy.
The company has experienced exponential growth since hitting shelves in March 2021. Funded by Juggernaut Capital Partners, this additional line of credit from Gerber Finance will be used for working capital to support continued growth.
“We chose Gerber Finance because they offer flexible financing, which is invaluable for our new and rapidly growing brand,” Dwight McCardwell, CFO of ZOA Energy, said. “On top of that, they have deep experience with our capital partner, Juggernaut, and came highly recommended. As a brand looking to bring positive energy to everyone, it’s important to us to have a cohesive team that works well together towards our goal.”
“ZOA Energy aligns with our Naturally Gerber division not only with its high quality, healthy ingredients but also its mission to be a positive source of energy and help others thrive – we are thrilled to support them in their continued success,” Jennifer Palmer, CEO of Gerber Finance, said. “Companies don’t always know that alternative financing can work hand-in-hand with equity investments. We’ve partnered with Juggernaut successfully on many natural products brands and are proof it is a winning combination with the right partners.”
The deal was completed under the Naturally Gerber Finance division, which was launched in 2020 to serve the needs of the growing base of natural products companies in its portfolio. The team has funded dozens of natural products companies, including Humm Kombucha, Stasher, Coola, Honey Stinger, Om Mushroom Superfood, along with sustainable clothing companies Fair Harbor and Pact.
