Neutonic raises £4.4m to fund UK, US and Australia expansion
What's the deal? Neutonic, a London-based nootropic drinks brand, has raised £4.4m in a round valuing it at £44.5m ($60m). Law firm Lester AldridgeDealroom has a profile for this one. Try Dealroom → advised the company on the fundraise.
Who's backing it? The round drew investors from both sides of the Atlantic, including Ross Edgley, Dan MartellDealroom has a profile for this one. Try Dealroom → and Codie SanchezDealroom has a profile for this one. Try Dealroom → and Zach RanenDealroom has a profile for this one. Try Dealroom →. Gym KingDealroom has a profile for this one. Try Dealroom → founder Jay Parker has joined as a special adviser.
What's the endgame? The money will fund expansion across the UK and US and a launch in Australia. "This raise gives us the firepower to keep building Neutonic across both the UK and US whilst also launching in Australia," said co-founder James Smith.
The traction: Founded in 2023 by Modern WisdomDealroom has a profile for this one. Try Dealroom → podcast host Chris Williamson, fitness entrepreneur James Smith, Luke Betts and Shan Hanif, Neutonic is on track to exceed £18.5m in revenue in 2026. It has sold more than 7.5 million cans and is stocked in over 10,000 retail locations globally.
The signal: The raise, Neutonic's second with Lester Aldridge as adviser, reflects investor appetite for functional drinks brands scaling distribution across grocery, specialist retail and fitness channels.
Read more: Insider Media
Image credit: Generated with Gemini
