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Cheribundi

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A company that provides natural sports nutrition products, specializing in one of the most effective and functional tools for recovery: all-natural tart cherry juice

Boulder, United StatesFounded 2004Food
Valuation $100–250M Last recorded · 2020
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Cheribundi

Cheribundi operates in the functional beverage market, specializing in tart cherry juice products positioned for natural sports nutrition and recovery. The company was established in 2004, originally as CherryPharm, by John Davey, a former Wall Street banker. Davey collaborated with food scientist Olga Padilla-Zakour at Cornell University's Food Venture Center to create an all-natural tart cherry juice that retains the fruit's beneficial properties. He left his banking career in 2006 to fully dedicate himself to the startup.

The company's business model revolves around the production and sale of tart cherry-based beverages through both retail and direct-to-consumer channels. Its products are distributed in major retailers across the United States, such as Kroger, Publix, and Whole Foods, as well as online. A significant component of its strategy involves supplying its products to the athletic market, with over 400 professional and collegiate sports teams using Cheribundi for recovery and performance. Revenue is generated through the sale of its various product lines. In April 2023, Cheribundi was acquired by NextFoods, the parent company of GoodBelly, though it continues to operate as a distinct brand.

Cheribundi's core offering is a line of tart cherry juice products, developed using a proprietary filtration process designed with Cornell University scientists to maximize antioxidant strength. The product lineup is not-from-concentrate and includes the '100% Tart' version, which contains only tart cherries with no added sugar. Other products include juice concentrates, gummies, and functional blends like 'Immunity,' 'Protein,' and 'Reset,' which incorporate additional ingredients such as echinacea, whey protein, and valerian root. The key benefits marketed to consumers, particularly athletes, are reduced muscle soreness, decreased inflammation, improved sleep due to natural melatonin content, and faster muscle recovery.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2004
Headquarters
Boulder, United States
Employees
23
Open positions
None listed
Dealroom signal
38.7/100
Industry
Sports, Food
Sector
Food, Nutrition, Beverage, Functional Beverages
Business model
Manufacturing
Client focus
b2c

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Apr 2023 $0 — GoodBelly ↗
ANGELOther financing Apr 2022 — — Lindsey Horan · Tyrese Haliburton · Deebo Samuel · Michaela Onyenwere ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Growth signals

Cheribundi website traffic

Latest recorded traffic for Cheribundi is 8.6K monthly website visits, down 42.7% over the last three months. Cheribundi's team declined 20.7% over the past year.

Latest monthly visits8.6K 3-month web change-42.7% 1-year team growth-20.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • Lindsey Horan
  • Tyrese Haliburton
  • Deebo Samuel
  • Michaela Onyenwere

Series B and later2 investors entered at this stage

  • Cayuga Venture Fund
  • Emil Capital Partners

Other known investors2 additional known investors

  • GoodBelly
  • UpVentures Capital
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States85.7%
🇩🇪 Germany14.3%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Cheribundi on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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