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Update Beverages Inc.

Update Beverages Inc.

Private
New York City, New YorkConsumer & Commercehttps://drinkupdate.com/

Last Round

Seed

Sep 13, 2024

Total Funding Raised

$21.28M

Company Overview

Update Beverages Inc. is a consumer beverage company that develops and sells caffeine-free, sugar-free energy drinks formulated with paraxanthine.

Sector

Consumer & Commerce

Verticals

D2C Brands, Sports & Fitness, E-commerce, Home & Lifestyle

Business Model

B2C

Customer Profile

Hardware Sales, Subscription SaaS

AI Layer

Non-AI

Keywords

functional beveragesparkling waterparaxanthineenergy drinkcaffeine alternativenootropic drinkconsumer packaged goodsCPGDTCdirect-to-consumermental focusnon-alcoholic beverageperformance drinkclean energy

Historical Pricing

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Caplight Momentum Score

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Update Beverages Inc. Comparables

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Update Beverages Inc. comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
GORGIE
84%
MTE (More Than Energy)
82%
We Are Phenoms LLC
81%

Update Beverages Inc. Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
SeedSep 13, 2024
Series AAug 1, 2024

Key People

Founding team and executive leadership

Daniel Solomons

Co-Founder and CEO

Founding Team

Erika Vamos

Chief Operating Officer

Executive Team

Update Beverages Inc. Investors

Notable investors and investment history

Update Beverages Inc. investors
InvestorRounds
K5 GlobalSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 23, 2025

    Grew 17% QoQ, from 47 to 55 employees.

  • Jan 20, 2025

    Grew 18% QoQ, from 45 to 53 employees.

Update Beverages Inc. Filings

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Update Beverages Inc. filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Update Beverages Inc.'s valuation, stock price, and market status.

Is Update Beverages Inc. a public or private company?

Update Beverages Inc. is a private company.

What is the current stock price of Update Beverages Inc.?

Update Beverages Inc. is a private company with no public stock price. No recent secondary market data is available.

How much is Update Beverages Inc. worth (valuation)?

Valuation information for Update Beverages Inc. is not publicly available.

Can I buy Update Beverages Inc. stock?

Update Beverages Inc. shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Update Beverages Inc.'s last funding round?

Update Beverages Inc.'s most recent funding round was Seed on September 13, 2024.

Who are the main investors in Update Beverages Inc.?

Investor information for Update Beverages Inc. is not publicly disclosed.

Will Update Beverages Inc. IPO soon?

No public IPO plans have been announced for Update Beverages Inc..

How can I track Update Beverages Inc. secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Update Beverages Inc.'s secondary market activity and sign up for updates.

Firmographic Details

HeadquartersNew York City, New York
Employee Range16
Year Founded2022
Last FundingSep 13, 2024

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