What is waterdrop?
Founded in 2017 and headquartered in Vienna, Austria, Waterdrop manufactures fruit and plant extracts compressed into small cubes designed to be added to water. This novel approach to hydration and nutrient intake positions Waterdrop within the burgeoning health and wellness sector, offering a convenient and sustainable alternative to traditional beverages. The company's product development focuses on natural ingredients, catering to a growing consumer demand for functional and eco-friendly consumables.
How much funding has waterdrop raised?
waterdrop has raised a total of $120M across 2 funding rounds:
Series A
$50M
Series B
$70M
Series A (2016): $50M with participation from Meituan, ZhenFund, Tencent, and Light-Up Capital
Series B (2022): $70M led by Temasek, Founders Future, and Bitburger Ventures
Key Investors in waterdrop
ZhenFund
ZhenFund is an early-stage venture capital firm based in China, known for its investments in technology and internet startups. The firm actively supports companies from their inception, providing crucial seed capital and strategic guidance to foster rapid growth and market penetration.
Temasek
Temasek is a global investment company headquartered in Singapore, focused on long-term value creation across a diverse portfolio. The firm invests in a wide range of sectors, including technology, financial services, and consumer goods, with a strategic emphasis on sustainable growth and innovation.
Founders Future
Founders Future is an investment group dedicated to tech entrepreneurs, focusing on early-stage and growth investments. The company aims to support founders who leverage artificial intelligence to address significant challenges in data, infrastructure, productivity, health, energy, and industry.
What's next for waterdrop?
The recent major strategic investment signifies a pivotal moment for Waterdrop, likely enabling the company to accelerate its market expansion, enhance product development, and strengthen its operational infrastructure. This capital infusion is expected to fuel further growth, potentially through increased marketing efforts, broader distribution channels, and the exploration of new product lines. Waterdrop's trajectory suggests a focus on solidifying its market leadership in the functional beverage additive space.
See full waterdrop company page
