Liquid Death, the Canned Water Company for Hipsters and Head Bangers, Doubled Its Valuation Overnight

Liquid Death, the Canned Water Company for Hipsters and Head Bangers, Doubled Its Valuation Overnight

Inc. SE Asia·2024-03-13 15:02

Liquid Death, the canned water company known for its rock and roll aesthetic and irreverent social-media channels, has reached a unicorn valuation.  

The Los Angeles-based company, co-founded by CEO Mike Cessario in 2017, raised $67 million from a group of new and previous investors, bumping its valuation to $1.4 billion, the company announced in a statement. Investors in the round include SuRo Capital, Gray's Creek Capital Partners, the actor Josh Brolin, NFL star Deandre Hopkins, and Chappelle's Show co-creator and comedian Neal Brennan. The concert promotion company Live Nation, which has stocked Liquid Death at its events since 2021, also participated. 

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