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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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Ollama Raises $65 Million Series B Led By Theory Ventures Bringing Total Funding To $88 MillionOllama, the popular open-source AI developer tool that helps developers run open-weight AI models locally on their computers, has raised a $65 million Series B round led by Theory Ventures, bringing its total funding to $88 million. Founder and CEO Jeff Morgan said the company, which launched in 2023, is now used by more than 8.9 million developers each month and is present in 85% of Fortune 500 companies. Built by Morgan and co-founder Michael Chiang, who previously helped create Docker Desktop, Ollama has gained significant traction with developers through its free desktop product while also expanding its cloud offerings for larger AI models that are too resource-intensive to run locally.
FOUNDER: Jeff Morgan
INVESTORS: Theory Ventures, Benchmark & Peter Fenton
ROUND: Series B
AMOUNT: $65,000,000
HQ: Palo Alto, California
#VentureCapital #Ollama #JeffMorgan #TradedVC
Anthropic Secures $1.2 Trillion Valuation Boost Ahead Of 2026 IPO With Growing Investor DemandAnthropic’s implied valuation on secondary market platforms has surged to approximately $1.2 trillion, a 550% increase from a year ago, as investor demand for shares intensifies ahead of a potential IPO later in 2026. The valuation exceeds OpenAI’s reported valuation of roughly $908 billion and comes shortly after Anthropic completed a $65 billion funding round in May that valued the company at $965 billion. Despite the strong demand, actual trading activity remains limited due to scarce share availability. The company is also expanding its footprint, having leased a large office building in Manhattan and planning to grow its New York workforce to more than 1,000 employees by the end of 2026, underscoring its rapid growth as it prepares for a possible public listing.
FOUNDERS: Dario Amodei & Daniela Amodei
AMOUNT: $1,200,000,000,000
HQ: San Francisco, California
#VentureCapital #Anthropic #DarioAmodei #DanielaAmodei #TradedVC