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Drip Drop Inc. closes $3.0M Series A-1 round with investments from John Elway, Ronnie Lott, and Sam Nazarian.
Date:8/23/2013

SAN FRANCISCO, Aug. 23, 2013 /PRNewswire/ -- Drip Drop Inc, inventor of medical-grade hydration products, has announced the close of a $3 Million Series A-1 round with investments from NFL Hall-of-Famers John Elway and Ronnie Lott. The Super Bowl Champions are joined by Sam Nazarian, Founder, Chairman and CEO of The SBE group, a global hospitality and entertainment company with award-winning hotel, restaurant and nightlife properties across the United States and in China and the Middle East. After closing on the first $2.3 million in just 10 days, Drip Drop's announcement concludes an oversubscribed venture round in which 65% of existing investors increased their levels of commitment. Drip Drop's investors were first disclosed in a profile by Bloomberg Businessweek.

(Logo: http://photos.prnewswire.com/prnh/20130823/SF68453LOGO)

Drip Drop® is an innovative hydration solution that combines best-in-class medical technology with great taste. Developed by Eduardo Dolhun MD, a Mayo Clinic-trained family physician and Adjunct Assistant Clinical Professor at Stanford University Medical School, Drip Drop's scientific formula helps to restore vital fluid and electrolytes lost through illness or activity. Having proven effective on humanitarian relief missions across the gl
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SOURCE Drip Drop Inc.
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