In what began as a kind of funny, savvy marketing stunt that has since gained traction, a nearly three-year-old, Santa Monica-based startup that sells water from the Austrian Alps under the brand Liquid Death, has raised $23 million in Series B funding. Backers in the round include an unnamed family office; Convivialité Ventures, which is Pernod Ricard Group’s venture arm; the musician known as Fat Mike; and earlier backer Velvet Sea Ventures.
The company, originally incubated with the help of the L.A.-based startup studio Science, has now raised a little more than $34 million altogether.
We talked with Mike Cessario, the West Coast agency exec-turned-water entrepreneur, not long after he launched the company to the public, and he argued at the time that canned water could give sugary energy drinks like Rockstar, Monster and Red Bull a run for their money if it was also named like a heavy metal act.
Indeed, our favorite part of the product has long been its promise to “murder your thirst.” (It’s water, after all, so other differentiators are hard to come by.)
Clearly, plenty of other people are amused enough by the company’s inventive marketing that its products are selling, including at Whole Foods. It put the cans on its shelves back in February, around the same time that Velvet Sea led the company’s $9 million Series A round.
Liquid Death also sells at more than 1,000 7-Eleven stores in California, and it sells, as it always has, directly to customers, who can select either mountain water or sparkling water, and buy a T-shirt or hoodie from a growing merch store on their way out of its online store.
A 12-pack of tallboys costs $16. A “Hydrate or Die” T-shirt can be had for $26.
via https://AiUpNow.com September 30, 2020 at 02:29AM by Connie Loizos, Khareem Sudlow,
