LARQ announces $10 million Series A round

US-based startup LARQ has bagged itself $10 million in Series A funding.

The self-cleaning water bottle brand plans to utilise the capital, which follows an initial seed fund raised back in June 2019, to continue its global expansion and develop its product line.

Led by Seventure, the round also included participation from DCM. LARQ says that it sold more than 75,000 units in 2019, surpassed $1 million in monthly revenue bookings in Q4 2019, and anticipates a doubling of its business in 2020.

It is now stocked by 88 retailers, and available on shelves in 16 countries, partnering with the likes of Nordstrom, Net-a-Porter, Bloomingdale’s.

“With innovative products and an engaging brand, LARQ is redefining hydration for consumers of today and the future,” says Isabelle de Cremoux, CEO at Seventure. “We are thrilled to join a partner who aligns so perfectly with our vision of health through nutrition and lifestyle, together with our values in sustainability.”

“LARQ’s mission is simple - to provide sustainable and clean drinking water - and in just a few years, its novel UV technology has positively impacted consumers across the globe,” adds David Cheng, DCM Vice President.

“We’re excited to see its continued momentum with both in-home and out-of-home hydration solutions.”