Total amount raised
$10.7 Millions
Latest funding date
Location
Title
LARQ has successfully raised funds through a Series A round, attracting notable investors such as Seventure Partners and DCM Ventures. The company is renowned for its innovative water purification products, including self-cleaning water bottles and advanced filtration pitchers.
Keep reading to explore the intricacies of LARQ's fundraising journey and the investors backing this innovative platform.
What Is LARQ?
LARQ, founded in November 2017 by Justin Wang and Robert C. Walker, is headquartered in Foster City, California. The company specializes in innovative water purification products, including self-cleaning water bottles and advanced filtration pitchers.
With a mission to provide pristine drinking water easily and sustainably, LARQ employs between 11-50 people. Their products utilize advanced technologies like UV-C LED and plant-based filters to ensure high-quality water purification.
For more information, you can visit their official website or check out their Crunchbase profile.
How Much Funding Has LARQ Raised?
- Series A Round
- Amount Raised: $10.7M
- Date: September 29, 2020
- Lead Investors: Seventure Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and develop new products, such as a Brita-style water filter.
- Initial Seed Fund
- Amount Raised: Not publicly disclosed
- Date: June 4, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely used to support early stages of product development and market entry.
Total Amount Raised: $10.7M. Current Valuation: Not publicly disclosed.
Key Investors
- Seventure Partners
- Details: Seventure Partners is a venture capital firm with over €750 million under management. They invest in innovative companies, particularly in life sciences and digital technologies.
- Investment Focus Areas: Life sciences, digital technologies, foodtech.
- Notable Investments: Ynsect, MycoTechnology.
- DCM Ventures
- Details: DCM Ventures is a global venture capital firm based in Silicon Valley, Beijing, and Tokyo. They manage over $4.2 billion and invest in early-stage technology companies.
- Investment Focus Areas: Consumer internet, software, mobile.
- Notable Investments: Bill.com, SoFi, Kuaishou.
- Capricorn Investment Group
- Details: Capricorn Investment Group is an investment firm known for its focus on sustainable and impact-driven companies. They have made significant investments in high-profile technology companies.
- Investment Focus Areas: Technology-based, sustainably-focused brands.
- Notable Investments: Tesla, Joby Aviation, SpaceX.
- Heuristic Capital
- Details: Heuristic Capital is a venture capital firm that participated in LARQ's Series A funding round. Specific details about the firm are not widely disclosed.
- Investment Focus Areas: Likely technology and innovative startups.
- Notable Investments: Not specified.
- Augment Ventures
- Details: Augment Ventures is a venture capital firm that invests in early-stage technology companies. They focus on innovative solutions and emerging technologies.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Not specified.
What's Next for LARQ?
As LARQ looks to the future, the opportunities are vast. The company plans to expand its product line, including the highly anticipated LARQ Pitcher, and increase its global footprint. With a strong market interest, evidenced by their successful crowdfunding campaigns, LARQ is poised to capitalize on the growing demand for sustainable and health-focused products.
Future fundraising rounds seem likely as LARQ continues to innovate and scale. The company may attract more investors to support its ambitious goals. However, challenges such as competition from lower-cost alternatives and maintaining product quality will need to be navigated carefully to sustain growth.
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