A Lithuanian startup that makes probiotic drinks just landed the biggest investment ever recorded on any European version of Shark Tank. Cannumo pulled in a million euros from investor Tadas Burgaila for their fermented beverage called Goodie, which packs 96 different bacterial strains and gets marketed as a gut-health alternative to booze. The founders already dumped half a million of their personal cash into getting production rolling.
Burgaila threw down 600k for equity plus another 400k as a loan, and he thinks the company can hit a 30-million-euro valuation within a year. The startup is about to blast into the UK market with a 90-day push, and they're working on another gut product aimed at American consumers. The drink already won a bunch of industry awards, and production happens entirely in Lithuania.
Burgaila threw down 600k for equity plus another 400k as a loan, and he thinks the company can hit a 30-million-euro valuation within a year. The startup is about to blast into the UK market with a 90-day push, and they're working on another gut product aimed at American consumers. The drink already won a bunch of industry awards, and production happens entirely in Lithuania.
