DC Community Ventures (DCCV), a member CDVC fund based in Washington DC, announced that it has provided $400,000 in revenue-based financing to support the growth of JRINK. JRINK is a leading cold pressed drink company offering a wide selection of healthy drinks to the nation’s capital region. JRINK will use the capital for additional locations, technology investment and better sourcing.
“DC Community Ventures is committed to supporting JRINK’s continued growth,” stated Candler Young, co-Managing Partner for DC Community Ventures. “We were attracted to JRINK’s impressive management, current financial performance, product offering and commitment to provide jobs and management opportunities for women.” 87% of JRINK’s current employees are females, the vast majority of whom come from minority backgrounds.
“We’re excited for the future of health & wellness; we believe that the food we consume should be natural and simple,” said Jennifer Ngai, co-founder of JRINK. “With the support of DC Community Ventures and our dynamic team, we believe JRINK is well-positioned to become a major player in the industry. We are thrilled that DC Community Ventures shares our mission for better living.”