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February 20, 2026 - Deals

Just Ice Tea Raises $9 Million In Series B Funding Led By Robert Trone And Others

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Just Ice Tea, co-founded in 2022 by Seth Goldman and Spike Mendelsohn, has raised $9 million in Series B funding to accelerate national retail expansion and introduce new flavors, including Watermelon Lime White Tea and Peach White Tea. Investors in the round include Robert Trone, Taste Tomorrow Ventures, Polar Strategic Ventures, and executives from Big Geyser, supporting the brand’s growth from 12,000 to 17,000 stores nationwide in 2026 and reinforcing its position as one of the fastest-growing U.S. food and beverage brands. FOUNDERS: Seth Goldman & Spike Mendelsohn INVESTORS: Robert Trone, Taste Tomorrow Ventures & Polar Strategic Ventures ROUND: Series B AMOUNT: $9,000,000 HQ: Bethesda, Maryland #VentureCapital #JustIceTea #SethGoldman #SpikeMendelsohn #TradedVC

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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts. FOUNDERS: Ben Lamm & George Church TARGET VALUATION: $23,000,000,000 HQ: Dallas, Texas #VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC