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HOPE Hydration Raises $20 M...

SOLD

HOPE Hydration Raises $20 Million In Series A Funding Led By Pentair Plc

Building Size

Asset Type

Closing

Jul 17, 2025

AI

HOPE Hydration has completed a Series A funding round, raising $20 million. The investment was led by Pentair plc, with additional support from Burnt Island Ventures and others. The raised capital is intended to scale manufacturing, expand into new markets, drive product innovation, and grow strategic partnerships globally.

Summary of transaction details:

  • Deal Type: Series A
  • Transaction Amount: $20,000,000
  • Company Headquarters: Miami
  • Founders: Jorge Richardson, Cristina Gnecco, Dave Tigue
  • Notable Investors: Pentair plc, Burnt Island Ventures, Boost VC, Spice Capital, Grayson Allen

HOPE Hydration is a startup focused on developing digitally connected HydroStations™ that provide free filtered water while also tracking environmental impact and displaying digital advertisements. The company aims to leverage new funding to enhance its manufacturing capabilities and expand its market reach.

Players

Spice Capital Partners
Spice Capital Partners Buyer

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93