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Liquid Death

FoodtechUSA
✂️ Markdown
Peak $1.4 BillionToday
~-35%
from peak
  1. 🦄
    Became a unicorn
    May 2023
  2. 📈
    Peak valuation
    $1.4 Billion ’24
  3. 💔
    Became a Unitard
    May 2025
  4. 💸
    Last valuation
    ~$910M
Current status
Private; secondary market implies ~$910M (Jun 2026)

How it happened

Liquid Death, founded in 2017 by Mike Cessario, is a beverage brand that produces aluminum cans of still and sparkling mountain spring water to reduce the industry's reliance on plastics. Liquid Death's tagline is \ Last valued near $1.40B (Series F-1, 2024); on the secondary market its implied valuation slipped below the $1B unicorn line in May 2025, and now sits around $910M — roughly 35% below that peak.

Source: Forge Global marketplace (Jun 2026)