ST. LOUIS — Nolan Arenado has added to his roster of startup investments with his backing of a beverage brand.
The Cardinals' third baseman has invested in Scottsdale, Arizona-based Yerbae Brands Corp., the company said Thursday in a news release. Arenado is among other sports figures to invest in the brand, a maker of plant-based energy drinks.
“I tasted. I believed. I invested. And I’m excited to help Yerbae win,” Arenado said in a statement.
Financial terms of Arenado’s investment were not disclosed.
Founded in 2017, Yerbae makes energy beverages that include the ingredient Yerbae mate, a South American herb the firm describes as “one of nature’s cleanest caffeine sources.” It says its energy drinks have zero calories and zero sugar and are vegan and gluten-free.
Yerbae trades on the U.S. over-the-counter market on the OTCQX. It reported sales of $4.1 million in the second quarter of 2023, saying its revenue was up 122% year over year.
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