Food & Beverage
Founded: 2017
Headquarters: Los Angeles, California
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Liquid Death, founded in 2017, has made waves in the non-alcoholic beverage industry with its unique approach to selling water and other drinks in recyclable aluminum cans. The company's edgy branding and commitment to sustainability have resonated strongly with younger consumers, particularly Gen Z and millennials, who make up over 70% of its customer base.
Since its inception, Liquid Death has experienced remarkable growth, with global sales reaching $263 million in 2023. The company's products are now available in 113,000 retail outlets across the U.S. and U.K., and it has built a substantial social media following with nearly 8 million combined followers on Instagram and TikTok.
Reports suggest that Liquid Death may be considering an initial public offering (IPO) in the near future. In July 2023, The Information reported that the company had hired Goldman Sachs to lead a potential IPO as soon as spring 2024. This move aligns with Liquid Death's rapid expansion and increasing market presence.
The company has successfully raised significant funding through multiple rounds, with its most recent Series F round in March 2024 bringing in $67 million at a valuation of $1.4 billion. This substantial valuation and the company's strong growth trajectory could make it an attractive option for investors interested in the burgeoning non-alcoholic beverage market.
Liquid Death's potential IPO comes at a time when the global non-alcoholic beverages market is experiencing robust growth, projected to reach $1.9 trillion by 2030. The company's innovative approach and strong brand identity position it well within this expanding market.
As Liquid Death continues to expand its product line and market reach, investors and industry observers will be closely watching for any official announcements regarding its IPO plans. While the company's growth and market position appear promising, potential investors should remain aware that IPO timings and outcomes can be influenced by various market factors and company decisions.
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While Liquid Death's IPO prospects remain uncertain, investors eager to tap into the innovative beverage market don't have to wait. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides opportunities to invest in potential industry disruptors like Liquid Death, with lower minimum investments than traditional private equity opportunities. This allows you to diversify your portfolio and potentially benefit from the growth of emerging brands in the competitive beverage sector.
1 - Food Dive - With the water brand reportedly considering an IPO in 2024, Stephen Ballard will be responsible for growing sales.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.