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North America Spirits Wine

Avaline Celebrates One-Year Anniversary With Exponential Growth and Series A Funding

– Avaline, co-founded by Cameron Diaz (Wellness author: The Body Book, The Longevity Book) and Katherine Power (Who What Wear, Versed Skincare, Merit), celebrates its one-year anniversary and the closure of its $9.5M Series A round of VC funding.
– In it’s seed round, Avaline had support from established VC partners Greycroft and Sonoma Brands in addition to celebrity investors Nicole Richie and Gwyneth Paltrow.
– The Series A will fund building out the team, funding the brand’s continued growth in retail, accelerating the direct-to-consumer (DTC) platform, as well as expanding both internationally and into new categories.

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