Liquid Death Drinks In New Funding At $1.4B Valuation: Investor Anthony Pompliano Calls 'Putting Water In A Can' One Of His 'Best Investments'
Portfolio Pulse from Chris Katje
Liquid Death, a rapidly growing beverage company, announced a new funding round of $67 million, reaching a valuation of $1.4 billion. The company, known for its canned water, flavored sparkling water, and iced tea, has attracted new investors including SuRo Capital (NASDAQ:SSSS) and Live Nation Entertainment (NYSE:LYV), along with celebrity investors like Josh Brolin and DeAndre Hopkins. The funding will support product innovation and operational scaling. Liquid Death reported $263 million in retail sales in 2023 and has expanded to 113,000 retail locations in the US and UK.
March 12, 2024 | 8:27 pm
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Live Nation Entertainment (NYSE:LYV) not only invested in Liquid Death's latest funding round but also announced an exclusive partnership for Liquid Death products at its events and festivals.
Live Nation's continued investment and exclusive partnership with Liquid Death could enhance its event offerings, potentially increasing attendee satisfaction and spending at events. This strategic move could have a positive short-term impact on Live Nation's stock as it demonstrates innovative partnerships and investment in consumer trends.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SuRo Capital (NASDAQ:SSSS) is a new investor in Liquid Death's latest funding round, contributing to the company's $67 million financing.
As a new investor in Liquid Death, SuRo Capital's involvement could signal confidence in the beverage company's growth trajectory and market potential, potentially positively influencing SuRo Capital's stock in the short term due to the high-profile nature of the investment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70