G.O.A.T. Fuel closes funding round, eyes nationwide distribution

May 22, 2023

The Jerry Rice-backed energy drink company G.O.A.T. Fuel has closed a $5 million seed funding round co-led by venture firms Stage 1 Fund and Morrison Seger Venture Capital Partners. The company has now raised a total of $12 million since launching in 2020, and intends to use its newly acquired capital to build on sports marketing efforts and expand to nationwide distribution by next year. SBJ