Progressive Beverages Gets $1.75M

Culver City-based beverage marketing firm Progressive Beverages announced last week that it has raised a $1.75M Series C round of funding. The round was led by the Tech COast angels, with particupation from the Pasadena Angels. Progressive is marketing an Asian V*dka to the U.S. market. The company said that it will use the funding for accelerating its sales in California and New York. The company said that it will launch it product in New York in early 2006. More information »