Mägenwil AG/Zurich – The venture capital firm Redalpine Venture Partners is the new main investor in dropz AG. The Aargau-based start-up intends to use the fresh capital to further develop its product, water-soluble effervescent tablets in various flavors for tap water.
Mägenwil-based dropz AG has received a strategic investment in the mid-single-digit million range from Zurich-based venture capital firm Redalpine Venture Partners. This makes Redalpine a major investor. According to a press release from dropz, this transaction complements previous financial contributions from other investors such as the venture capital funds Oyster Bay Management, BackBone Ventures and the entrepreneur Roland Brack.
Founded in 2020, the start-up has developed water-soluble effervescent tablets with different flavors for tap water, some with vitamins, superfoods, zinc or caffeine, sometimes with sweeteners, but always without sugar. Dropz’s mission is to make local tap water “sexy” again in order to reduce the consumption of bottled drinks and their logistics as well as plastic waste as much as possible.
“With the fresh capital, we want to further develop our revolutionary technologies at full speed and, building on this, launch new products on the market that will refresh and also rethink the beverage industry,” says dropz. In a world where more than 1 million plastic bottles are bought every second, there is an urgent need for tasty innovations and new ways of thinking. ce/mm
