About Drink Update
Drink Update is a company based in New York (United States) founded in 2020. Drink Update has raised $7.38 million across 1 funding round. Drink Update offers products and services including Update Energy Drink Variety Pack, Berry Flavor, Lime Flavor, Mandarin Flavor, and Peach Flavor. Drink Update operates in a competitive market with competitors including Runa, Monster Energy, ZOA, Kill Cliff and Lucky Beverage, among others.
- Headquarter New York, United States
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Sectors
Consumer
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.38 M (USD)
in 1 rounds
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Latest Funding Round
$7.38 M (USD), Series A
Aug 29, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of Drink Update
Drink Update offers a comprehensive portfolio of products and services, including Update Energy Drink Variety Pack, Berry Flavor, Lime Flavor, Mandarin Flavor, and Peach Flavor.
Assortment of flavors providing caffeine-free energy and focus.
Caffeine-free beverage for enhanced focus and sustained energy.
Offers energy boost without jitters or crashes.
Delivers clear mental clarity and productivity support.
Provides natural energy alternative for daily performance.
People of Drink Update
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Funding Insights of Drink Update
Drink Update has successfully raised a total of $7.38M through 1 strategic funding round. The most recent funding activity was a Series A round of $7.38 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $7.4M
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First Round
First Round
(29 Aug 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Drink Update | Valuation |
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Investments & Acquisitions by Drink Update
Financial Statements - Drink Update
Drink Update Comparisons
Competitors of Drink Update
Drink Update operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Runa, Monster Energy, ZOA, Kill Cliff and Lucky Beverage, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Global payout infrastructure is provided by Runa for businesses.
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| domain | founded_year | HQ Location |
Produces and markets a popular brand of energy drinks for consumers.
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| domain | founded_year | HQ Location |
Zero sugar energy drinks, pre-workout powders, and apparel are manufactured.
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| domain | founded_year | HQ Location |
Sports and energy drinks and supplements are manufactured.
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| domain | founded_year | HQ Location |
Zero sugar energy drinks are provided by Lucky Beverage.
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| domain | founded_year | HQ Location |
Sports drinks are marketed through an internet-first brand.
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Frequently Asked Questions about Drink Update
Drink Update was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Drink Update is headquartered in New York, United States. It is registered at New York, New York, United States.
Drink Update is a funded company, having raised a total of $7.38M across 1 funding round to date. The company's 1st funding round was a Series A of $7.38M, raised on Aug 29, 2024.
Drink Update was founded in 2020 in New York, United States, within the beverage sector. A caffeine-free, sugar-free energy drink based on Paraxanthine is produced, along with related beverages, for consumers preferring healthier alternatives. Operations emphasize online sales and customer interaction. Transparency in ingredients and sustainability practices are prioritized, with products distributed primarily through digital channels in the U.S. market.
Drink Update offers Update Energy Drink Variety Pack, Berry Flavor, Lime Flavor, Mandarin Flavor, and Peach Flavor.