SSSS - Liquid Death Drinks In New Funding At $1.4B Valuation: Investor Anthony Pompliano Calls 'Putting Water In A Can' One Of His 'Best Investments' | Benzinga
Beverage company Liquid Death announced a new funding round and $1.4 billion valuation as it becomes one of the fastest-growing beverage companies in recent years.
Here's a look at the new investors, old investors and what's next for the company hoping consumers "murder your thirst."
What Happened: Liquid Death announced the closing of $67 million in financing. The effort comes after several previous rounds that saw backing from investment companies and celebrities like Tony Hawk.
"Liquid Death has become the fastest growing and leading brand across the water, flavored sparkling water, and iced tea categories," Liquid Death founder and CEO Mike Cessario said. "We continue to see extremely strong consumer and retailer demand and are proud to have raised a strategic, oversubscribed, ‘up' round to fuel our growth."
The company’s new investors include several distribution companies. Among the backers is one firm being touted as the top distributor in North Carolina, Oregon, Utah and Washington.
SuRo Capital (NASDAQ:SSSS) is a new investor in the company ...