Functional Beverage Brand OriLab Completed Two Rounds of Financing

Recently, the functional beverage brand “OriLab” announced the completion of seed and angel rounds of financing, with cumulative financing amounting to tens of millions of RMB (multiple millions of USD) and a valuation of over RMB 100 million yuan (USD $15.8 million). Founded in May 2021, OriLab focuses on the research and development of soft drink products with high consumer awareness and guaranteed functional ingredients targeting various subhealth problems. In December 2021, on Tmall and WeChat platforms, OriLab launched its first product, blueberry anthocyanin juice, which focuses on eye protection. (Source: ixinyingyang)