DripDrop secures financing to accelerate national rollout
Medical-grade rehydration brand plans to expand to 15,000 retail locations this year
San Francisco-based DripDrop Inc., the maker of a same-named medical-grade
rehydration solution, announced that it has closed a $5.8 million round of financing, which will help the company to accelerate development and continue to drive availability in retailers and hospitals, the company says. Investors include funds affiliated with owners of the San Francisco 49ers, Seth Taube and Brook Taube of Medley Corp., and American rock musicians Sammy Hagar, Joe Satriani, and Grateful Dead’s Bob Weir.
“We are pleased to support DripDrop, a Bay Area company, in their efforts to speed the delivery of this unique product to multiple audiences,” said Brano Perkovich, managing director of Aurum Partners LLC, an investment arm of the owners of the 49ers, in a statement. “As owners and managers of a prominent sports franchise, we are able to quickly recognize the potential for this investment.”