STATE raises money from three new investor groups, has international ambitions.

State Drinks, a Copenhagen, Denmark-based company producing an energy drink, announced securing an undisclosed amount of investment funding.

The funding comes from a range of local angel investors, including Erik Skjærbæk, Søren Henriksen and his brother Jesper Henriksen, Anders Marcus, Torben Ulrich as well as a majority of the existing shareholders including Christian Eriksen and investment firm OTW Capital AB.

The money will be used to expand the business operations outside Denmark.

State Drinks, founded in 2015 and led by CEO Jon Andersen, has developed an energy drink that maintains stable blood sugar over several hours. The product is currently being sold in around 550 stores in Denmark, with agreements to future distribution in Sweden via 7 Eleven and Pressbyrån. The company estimates to make available its products in the rest of Scandinavia in 2017 and in England, Germany, France and the Benelux during 2018.