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Cure Hydration
Plant-based electrolyte drink mixes for effective hydration
About Cure Hydration
Cure Hydration is a New York-based functional beverage company offering plant-based electrolyte drink mixes designed for effective hydration. The company was founded in 2018 by Lauren Picasso. The inspiration for the company came from Picasso's own experiences as an endurance athlete and her search for a healthy hydration option without the added sugars and artificial ingredients found in many sports drinks. A lifelong athlete with a background in e-commerce and marketing at companies like Jet.com, Rent the Runway, and Bloomingdale's, Picasso identified a gap in the market for a clean-label, science-backed hydration product.
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The core of Cure's product line is a powdered beverage mix based on the World Health Organization's Oral Rehydration Solution (ORS) formula, a scientifically proven standard for treating dehydration that is as effective as an IV drip. Cure updated this formula with plant-based, non-GMO ingredients such as coconut water powder and pink Himalayan salt, and it is free from added sugars, artificial flavors, and sweeteners. The product portfolio includes various electrolyte drink mixes and a line of energizing drink mixes that contain natural caffeine. The company also launched a pediatrician-formulated electrolyte drink mix for children.
Cure Hydration operates on an omnichannel business model, distributing its products through both direct-to-consumer (DTC) online sales and a large retail network. The business is approximately 60% wholesale and 40% e-commerce, with the DTC channel being a key component for building customer loyalty through subscriptions. Since its launch in 2019, the company has seen significant growth, expanding its retail presence from 50 stores to over 21,000, including major retailers like CVS, Walgreens, Kroger, Sprouts, and Albertsons. The company's growth has been fueled by several funding rounds, including a $5.6 million Series A round in April 2023 led by Lerer Hippeau. As of mid-2023, the company has raised a total of $9.88 million.
At a glance
- Founded
- 2018
- Headquarters
- New York City, United States
- Sector
- Food
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed9 investors entered at this stage
Michael Katz
Nat Turner
Zach Weinberg
Nasir Nas Jones
M3 Ventures
Litani Ventures
Lerer Hippeau- MDMatthew Dellavedova
- ARAndy Roddick
Series A6 investors entered at this stage
Joyance Partners
Silas Capital
Simple Food Ventures
Great Oaks Venture Capital
Valedor
Stella Capital
Source: Dealroom Talent Intelligence.
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Market sentiment
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