Flavoring Maker Cirkul Seeks New Investors Ahead of Potential IPO

Cirkul, which makes cartridges and bottles to add flavors to water, is exploring raising capital ahead of a future initial public offering, according to people with knowledge of the matter.

The Tampa-based company has begun discussions about adding strategic and institutional investors, said the people, all of whom requested anonymity discussing confidential information. Terms of the capital raise, such as valuation and timing of a potential IPO, haven’t been finalized.