Neutonic raises $6m at a $60m valuation

UK-founded functional drinks brand Neutonic has raised $6 million at a $60 million post-money valuation, capital it will use to push retail distribution in the UK and US and to launch in Australia. The round takes the brand's total raised to $10 million across 85+ investors, per the company's own disclosures.

The trajectory

Founded in 2023, Neutonic has sold more than 7.5 million cans to date and is on track to exceed $25 million in revenue this year, according to the brand.

The product is now stocked in over 10,000 retail locations globally across grocery, specialist retail, and fitness — a footprint that has grown alongside a healthy DTC channel.

A cap table built for category know-how

The most interesting feature of this round is the operator-heavy investor mix. Notable names participating include:

• Alan Barratt — founder of UK protein bar brand Grenade
• Zach Ranen, former president and co-founder of David Protein
• Nomit Shah, former CFO of Onnit
• Dan Martell, founder & CEO of Martell Ventures
• Codie Sanchez, investor and operator
• Ross Edgley, endurance athlete and author
• Ollie Marchon, founder & CEO of Marchon
• Jay Parker, owner and CEO of Gym King, who has also joined as a special advisor

The capital will fund three things, per the brand:

• Retail expansion in the UK and US, plus the Australia launch
• Strategic hires across product, commercial, and operations
• Product innovation to extend the line