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Nootropic beverages for enhanced mental performance

Shenzhen, ChinaFounded 2017Chemicals
Valuation $100–250M Last recorded · 2023
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Shine+ and the history behind them.

About Shine+

Shine+ Drink is an Australian beverage company that created the country's first nootropic or 'smart' drink, designed to enhance mental performance. The company was co-founded in 2015 by Stephen Chapman and Dr. Sam Prince, who were seeking a healthy alternative to coffee and traditional energy drinks to maintain focus during long workdays. Chapman, who had prior startup experience, and Prince, a medical doctor and serial entrepreneur, identified a market gap for a beverage that could support cognitive function without the negative effects of sugar and artificial ingredients.

The company's core products are functional beverages formulated with natural nootropics and adaptogens, substances known to improve cognitive functions like focus, concentration, and memory. Key ingredients include Ginkgo Biloba, L-Theanine from green tea, Turmeric, Siberian Ginseng, and B vitamins. These ingredients work to provide a sustained, 'clean' focus without the crash associated with high-sugar, high-caffeine drinks. The business operates in the functional beverage market, a rapidly growing segment, by catering to health-conscious consumers seeking benefits beyond basic nutrition. Shine+ differentiates itself from traditional energy drinks by focusing on brain function rather than just a physical energy boost.

Initially launching with a 110ml shot, Shine+ quickly gained traction and expanded its product line to include various flavors in larger carbonated bottles and cans, such as the 'Charged' and zero-sugar ranges. The company's business model involves retail distribution through major outlets across Australia, including Coles, Woolworths, and 7-Eleven, alongside direct-to-consumer online sales. A core part of the company's ethos from its inception is a social responsibility component; through its Shine4Water campaign, the company donates one day of clean drinking water for every bottle sold.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Shenzhen, China
Open positions
None listed
Dealroom signal
21.7/100
Industry
Chemicals
Sector
Chemicals, Hard Tech
Business model
Manufacturing
Client focus
b2b
Links
Website

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Sep 2023 $2.8M $138M L'Oréal china ↗
SERIES A✓Equity / VC Jun 2022 $28M $110M Bloomage Biotech · Oriental Fortune Capital · Hongtai Fund (Shenzhen) · Cowin Capital ↗
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Growth signals

Shine+ website traffic

Latest recorded traffic for Shine+ is 350 monthly website visits.

Latest monthly visits350
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A5 investors entered at this stage

  • Bloomage Biotech
  • Oriental Fortune Capital
  • Hongtai Fund (Shenzhen)
  • Cowin Capital
  • L'Oréal china

Other known investors1 additional known investor

  • Hongtai Aplus
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China · Shenzhen HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Shine+ on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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