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:2/5/2016)... 2016  Zimmer Biomet Holdings, Inc. (NYSE and SIX: ... underwritten secondary offering of 11,027,558 shares of its common ... of Blackstone and Goldman Sachs.  The shares are being ... $96.45 per share. The selling stockholders will receive all ... nor any of its directors, officers or other stockholders ...
(Date:2/5/2016)... Feb. 5, 2016 ... the "Global Obstetrics Partnering 2010-2016: Deal ... to their offering. --> http://www.researchandmarkets.com/research/hcdvg6/global_obstetrics ... "Global Obstetrics Partnering 2010-2016: Deal trends, ... their offering. --> Research and ...
(Date:2/4/2016)... , Feb. 4, 2016   Bernstein Liebhard LLP ... in the United States District Court for the District of ... (the "Class") consisting of all persons or entities who purchased ... (NASDAQ: INSY ) from March 3, 2015 through January ... certain of its officers with violations of the Securities Exchange ...
Breaking Medicine Technology:
(Date:2/5/2016)... Toronto, Ontario (PRWEB) , ... February 05, 2016 , ... ... the Scarborough General Hospital Burn Unit, plastic and cosmetic surgeon Dr. Wayne Carman transitioned ... the Scarborough Hospital. He successfully completed his first three-year term as chief and began ...
(Date:2/5/2016)... ... 2016 , ... In the fourth quarter of 2015, document ... La Valencia Hotel in San Diego, California to discuss changes in the industry ... outstanding franchise, walking away with the coveted David Wright Award of Excellence. ...
(Date:2/5/2016)... Texas (PRWEB) , ... February 05, 2016 , ... ... to allow users to search for and donate to Give To Cure’s campaign that ... an app that lets users make and share payments through a smart device. In ...
(Date:2/5/2016)... New York, New York (PRWEB) , ... February 05, 2016 , ... ... (APDA) announced the election of Patrick McDermott as Chairman of the National Board of ... welcome Pat as Chairman of the Board,” stated Leslie A. Chambers , APDA ...
(Date:2/5/2016)... CA (PRWEB) , ... February 05, 2016 , ... ... and founder of CitiDent, announces that it is now welcoming orthodontist, Dr. ... Cheng, CitiDent offers a complete range of oral health care, including general dentistry, ...
Breaking Medicine News(10 mins):