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Current InvestmentFood Systems

Eden Specialty Ciders

Newport, VT

About Eden Specialty Ciders

Founded in 2007, Eden Specialty Ciders produces premium craft ciders using traditional cider-making techniques and heritage apple varieties that reflect Vermont’s terroir and agricultural heritage. Their products range from traditional still ciders to sparkling varieties and ice ciders and have earned space on wine lists at Michelin-starred restaurants such as New York’s Gramercy Tavern and Del Posto.

Eden’s commitment to sourcing local apples supports Vermont’s orchards and helps preserve the state’s agricultural landscape. By creating value-added products from local fruit, they contribute to a more resilient and diverse agricultural economy.

In 2013, Eden had grown 248% in a 5-year period and outgrew their winemaking capacity at their farm so they moved their operations to the Newport Tasting Center in Newport, Vermont. The Flex Fund provided permanent working capital to support operations to profitability, inventory purchases, and critical hires (marketing / sales and consumer outreach) as they continued to grow their business. Since the Flex Fund’s original royalty investment in Eden in 2016, we’ve made several follow-on investments to help Eden grow and weather the pandemic – including investment in their preferred equity round.

At Eden we want to build a good business for the long run. Our goals include employment, environmental and economic sustainability. The Flexible Capital Fund provides us critical financing to reach our economic goals, with a more flexible repayment mechanism. We really feel they share *all* of our goals, not just our financial goals.
Eleanor Leger, Co-Owner

Investment Details

Amount

$200,000

Investment Type

Term note with revenue share payment and warrants *Upon exercise of our warrants we purchased $100,000 in preferred equity in Eden

Date of Investment

2016

Company Info

Location

Newport, VT

Sector

Food Systems

Photos

Eden Specialty Ciders photo 1
Eden Specialty Ciders photo 2
Eden Specialty Ciders photo 3

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