Navigation Links
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 globe, Drip Drop has been adopted early on by a diverse group of users that include UCSF Medical Center, U.S. Special Forces, MGM Hotels International, pharmacies, and patients with chronic illness.

"We're absolutely thrilled to welcome investors with such long track records of success on and off the field," said CEO Anne Kallin Zehren, who began at Drip Drop in April. "Drip Drop® is well-poised to meet the pent-up demand for effective, scientific hydration. Winning the support of these experienced investors is testament to that reality."

"When we look at Drip Drop, we see a company with all the ingredients of success," said Ronnie Lott, whose 15 year NFL career featured 4 Super-Bowl Championships and 10 Pro Bowl appearances. "Drip Drop® has a revolutionary product and a steadfast commitment to its medical and humanitarian origins. Its scientific formula is in a class of its own -  I can personally attest to the drive, focus, performance and fast recovery it provides before, during and after my intense workouts.  Put it in the hands of this fantastic team, and you've got a company that can quickly scale to a sizeable valuation."

Drip Drop's FDA-approved formula improves upon international standards for Oral Rehydration Therapy, a proven medical intervention that studies show to be held back in the USA due to poor taste. Powerful enough to be relied on by the world's top medical institutions, Drip Drop is still safe and effective for daily use by children, adults, and seniors across a wide variety of lifestyles.

"Drip Drop® fits perfectly with a highly mobile lifestyle," said Sam Nazarian, whose company owns and operates acclaimed brands such as SLS Hotels, Katsuya by Starck, and a wide array of nightclubs and lounges. "I've seen it work first hand in altitude, in the desert, at the pool, and on the golf course – not to mention all the travel in between. It has broad application and limitless potential."  

"I continue to be taken aback by Drip Drop's warm reception by leaders in such a diversity of fields," said Drip Drop founder Eduardo Dolhun MD. "I developed Drip Drop® to save lives, refined it to meet my own patient's needs, and recommend it to my fellow doctors as a cost-effective treatment for all ages. I couldn't have predicted how quickly it would win support across such a broad spectrum. To me, it confirms that Drip Drop has the power and versatility to set a new benchmark for hydration."

To learn how to purchase Drip Drop, visit www.dripdropors.com

Contact: press@dripdropors.com


'/>"/>
SOURCE Drip Drop Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Acutus Medical Closes Series B Funding at $28 Million
2. Organovo Holdings, Inc. Closes $46.6 Million Public Offering of Common Stock and Exercise of Over-Allotment Option
3. Endexx closes Acquisition of Dispense Labs LLC.
4. AuraSense Therapeutics Closes Tranche II of Series B Equity Investment
5. aTyr Pharma Closes $10 Million Venture Debt Loan from Silicon Valley Bank
6. PRISM Pharma Closes $15 million Series C Financing to Advance PRI-724 into Non-oncology Indications
7. Royalty Pharma Discloses Acceptance Levels of Original Offer for Elan Pursuant to Irish and United States Regulatory Requirements
8. Closest to Operating on a Live Patient - Simulated Training for Vascular Surgeons and Cardiologists
9. Horizon Technology Finance Closes $2 Million Venture Loan Facility with New Haven Pharmaceuticals
10. Vapotherm Closes Financing Round, Appoints James Liken as Chairman of the Board and Opens New Corporate Headquarters
11. Aethlon Medical Discloses Cancer and Infectious Disease Therapy Presentation at ISEV 2013
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/25/2017)... , Sept. 25, 2017  EpiVax, Inc., a ... design, and immune-engineering today announced the launch of ... development of personalized therapeutic cancer vaccines. EpiVax has ... exclusive access to enabling technologies to the new ... will lead EpiVax Oncology as Chief Executive Officer. ...
(Date:9/22/2017)... -- As the latest Obamacare repeal effort moves is debated, ... and Lindsey Graham (R-SC) medical device market ... is in an odd place.  The industry wants repeal ... on medical device sales passed along with the Affordable ... visits and hospital customers with the funding to invest ...
(Date:9/19/2017)... 19, 2017 HistoSonics, Inc., a venture-backed medical device company developing a non-invasive, robotically ... announced three leadership team developments today:   ... ... Tom ... Veteran medical device executive Josh Stopek , PhD, who ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... 13, 2017 , ... The Visiting Nurse Association (VNA) of Somerset Hills is ... vendors and unique items from across the nation, this holiday-themed event will raise funds ... by the VNA. The boutique will be open Saturday, November 4 (10:00 a.m. ...
(Date:10/13/2017)... ... 2017 , ... Coveros, a leader in agile coaching services ... by the Center for Medicare and Medicaid Services (CMS). The Enterprise Agile Transformation ... Agile methodologies in a consistent and high value manner across CMS programs. Coveros ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the ... today its plans to open a flagship location in Covington, LA at 401 N. ... To Go store next to Office Depot in the Holiday Square shopping center. Its ...
(Date:10/12/2017)... ... October 12, 2017 , ... Information about the technology: ... develop to enable prevention of a major side effect of chemotherapy in children. ... pediatric patients. For cisplatin, hearing loss is FDA listed on-label as a dose ...
(Date:10/12/2017)... ... October 12, 2017 , ... Women-owned and Grand Rapids-based ... and Brightest in Wellness® by Best and Brightest. OnSite Wellness will be honored ... 20 from 7:30 a.m. to 2 p.m. at the Henry Autograph Collection Hotel, ...
Breaking Medicine News(10 mins):