Liquid Death Water Valued at $700 Million Following Financing

Sometimes water tastes better when it’s in a cool-looking can.

At least that’s the thesis behind Liquid Death, a 3-year-old startup that is already valued at $700 million following its latest round of financing. The $70 million investment was led by Science Ventures, with participation from other investors including Live Nation Entertainment Inc., music group Swedish House Mafia and comedian Whitney Cummings.

The Santa Monica, California-based beverage business launched in 2019 and is already on track for $130 million in revenue this year, according to the company, up from $45 million in 2021. It sells water in beer-style ...