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March 12, 2024 - Deals
Liquid Death Sells To Investors In Deeth
RAISE
IMAGE: Josh Brolin, Deandre Hopkins & Mike Cessario
DATE: 03/11/2024
COMPANY: Liquid Death
INVESTORS: SuRo Capital, Science, Neal Brennan, Live Nation Entertainment, Josh Brolin, Kim Jefferies, Gray's Creek Capital Partners, Derrick Green & Deandre Hopkins
AMOUNT: $67,000,000
VALUATION: $1,400,000,000
NOTE: Liquid Death, a beverage company known for its edgy branding and commitment to sustainability, recently closed a $67 million financing round, bringing its valuation to a staggering $1.4 billion. Led by founder and CEO Mike Cessario, the funding will fuel nationwide distribution expansion and support product innovation, with plans to introduce new sparkling water and iced tea flavors this spring. Backed by notable investors including actor Josh Brolin and NFL All-Pro DeAndre Hopkins, Liquid Death reported impressive retail sales of $263 million in 2023, marking triple-digit growth for the third consecutive year. The company's rapid ascent and diverse product offerings signal a promising trajectory in the competitive beverage market, with plans for a potential IPO on the horizon.
HQ: #SantaMonica #California
#VentureCapital #JoshBrolin #DeAndreHopkins #MikeCessario #LiquidDeath #SuRoCapital #Science #NealBrennan #LiveNationEntertainment #KimJefferies #GraysCreekCapitalPartners #DerrickGreen #TradedVC
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Factory Raises $200 Million Funding Round Led By Blackstone And Sequoia Capital At $5 Billion ValuationFactory, an AI coding agent startup founded in 2023 by Matan Grinberg and Eno Reyes, raised $200 million in a funding round that more than tripled its valuation to $5 billion. The San Francisco-based company, led by co-founder and CEO Matan Grinberg, develops AI agents that help enterprise engineering teams build, test and maintain software. The round was backed by Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital and Sound Ventures, among others, following a $150 million raise at a $1.5 billion valuation in April.
FOUNDERS: Matan Grinberg & Eno Reyes
INVESTORS: Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital & Sound Ventures
AMOUNT: $200,000,000
VALUATION: $5,000,000,000
HQ: San Francisco, California
#VentureCapital #Factory #MatanGrinberg #EnoReyes #TradedVC