Tolago Closes Series A Financing

Represented in closeing the first tranche of an equity financing, issuing approximately $1 Million of Class A Preferred Units, from undisclosed investors in a private transaction.  The second and third tranches, closed in September 2020, raised the aggregate proceeds to date to just over $1.45 Million, with a final closing expected in October.

Tolago is an independently-owned, California-launched company which offers flavored hard seltzers and spiked seltzer waters. Tolago identifies itself as a collective of like-minded artists, musicians, athletes, and creative entrepreneurs, set out to create a business where no shortcuts exist, working together to share culture, community, innovation and environmental responsibility in this world.