DLA Piper advises Irish functional drinks start-up The Naked Collective on its EUR6.2m funding round

DLA Piper has advised functional health drinks start-up, The Naked Collective, on its EUR6.2 million (GBP5.3 million) funding round. This finance will be used to drive global sales growth and marketing expansion, particularly in North America.

Founded in Ireland in late 2019, The Naked Collective offers a range of functional health beverages under the Mude brand as well as non-alcoholic beer under the So.Beer brand.

The DLA Piper team in Ireland was led by Corporate legal director Micheál Mulvey with assistance from associate Dara McDonald.

Micheál Mulvey said: “We are excited to see the rapid growth of the Mude and So.Beer brands and the continued support from investors. This funding round is yet another sign that the appetite for functional health and wellness products continues to grow rapidly. We have been advising The Naked Collective since its inception on structuring and fundraising, as well as with their global expansion plans. We look forward to seeing it go from strength to strength.”