Liquid Death Raises $75 Million in Funding at a $500 Million-Plus Valuation

Rey Mashayekhi
Rey Mashayekhi is dot.LA’s managing editor for news. He helps guide dot.LA’s editorial strategy and leads its news coverage. He previously served as a staff writer for Fortune, where he covered the worlds of finance, tech and politics. He has also worked as a reporter for real estate news outlets Commercial Observer and The Real Deal, as well as commodities trade publication American Metal Market. A native of the Washington, D.C. area, he currently lives in Santa Monica.
Liquid Death Raises $75 Million in Funding at a $500 Million-Plus Valuation
Liquid Death Files Paperwork to Raise $15 Million
Canned water brand Liquid Death has raised $75 million in a new Series C funding round that values the Santa Monica-based firm at $525 million.

The funding round was led by Science Inc., the Santa Monica-based startup studio run by by investor and former Myspace CEO Michael Jones, TechCrunch reported. Science helped launch Liquid Death via a $2.3 million seed round in 2019, according to PitchBook data, and Jones sits on the water brand’s board of directors. Other investors in the Series C round include Live Nation, PowerPlant Partners, Access Capital and Nomad Ventures.

Liquid Death co-founder and CEO Mike Cessario told TechCrunch that his firm plans to enter the market for flavored water—with product names that echo Liquid Death’s heavy metal ethos, such as Berry It Alive, Severed Lime and Mango Chainsaw. Liquid Death is now carried in more than 29,000 locations across the U.S.—including major retailers like Whole Foods, Target, Safeway and 7-Eleven—and saw its revenues approach $45 million in 2021, compared to only $3 million in 2019.

The Series C round takes Liquid Death’s total capital raised to $125 million. It follows a $23 million Series B round raised in September 2020 and a $15 million followup funding round closed last May, according to PitchBook data.

https://twitter.com/reym12
https://www.linkedin.com/in/rey-mashayekhi-71753073/
rey@dot.la

Subscribe to our newsletter to catch every headline.

LA Tech ‘Moves’: Mapp Gains New CPO and CTO, Prodoscore Taps Boeing Exec

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

LA Tech ‘Moves’: Mapp Gains New CPO and CTO, Prodoscore Taps Boeing Exec
LA Tech ‘Moves’:

“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

***

Read moreShow less

This Week in ‘Raises’: GITAI Lands $30M, Steno Gains $15M

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

Raises
Image by Joshua Letona

A local space robotics startup raised fresh funding to expand the flight model manufacturing facilities throughout the U.S. and increase employment, while a remote litigation platform raised more funding to continue growing its footprint in new markets across the country, develop service channels for its clients and continue expanding its tech team.

***

Read moreShow less

Gitai Secures $30 Million in Funding to Continue Space Robotics Developments

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

Gitai Secures $30 Million in Funding to Continue Space Robotics Developments
\u200bPhoto: Gitai

Space robotics company Gitai raised a $30 million Series B extension this week, bringing the total value of the round to roughly $47 million.

The funding will be used to further develop Gitai’s suite of space robots as well as build out its manufacturing footprint in Torrance. Previously Gitai announced it raised a $17.1 million Series B in March 2021; this additional raise is still part of that round.

Read moreShow less
https://twitter.com/samsonamore
samsonamore@dot.la
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending