On March 11, a fizzy startup announced that it had raised $ 67 million at a $ 1.4 billion valuation and reached $ 263 million in sales in 2023. Did you guess that this startup is Liquid Death, a canned water company? Liquid Death has now raised more than $ 267 million in venture funding […]
Spacegoods shakes up functional beverage industry with mushroom-based powders
Mushrooms are having a moment. Whether it’s in the form of a functional beverage, using the mushroom root to make alternative protein, creating leather-like materials or just the mushroom itself, the fungi is gaining an audience. Spacegoods is the latest startup to join this craze. The London-based wellness brand is tapping into functional mushrooms and […]
Functional beverage startup Odyssey grabs $6M to accelerate energy drink growth
Odyssey, a mushroom-based functional energy beverage maker, raised another $ 6 million in an equity investment to give it $ 14 million in total funding since launching its first drink two years ago. Odyssey’s products tap into the health benefits of Lion’s Mane and Cordyceps mushrooms to produce a drink that combines an energy boost […]