Tuesday, March 12, 2024

Liquid Death Gets $67M, Joins Unicorns

Los Angeles-based Liquid Death, the maker of a heavily branded, flavored sparkling water, has raised $67M in a financing round, the company said this week. The company said the funding came from strategic partners, plus new investors, including SuRo Capital; follow-on investors Live Nation, Science, Inc., and Gray’s Creek Capital Partners, plus actor Josh Brolin, NFL All-Pro and entrepreneur DeAndre Hopkins, The Chapelle Show co-creator Neal Brennan, Brazil’s largest metal band Sepultura’s Derrick Green, and Australian comedian Jim Jefferies. The company said the deal gave it a $1.4 billion valuation. Liquid Death is led by founder and CEo Mike Cessario.