Cirkul

Cirkul

Customizes hydration with flavored cartridges

About Cirkul

Simplify's Rating
Why Cirkul is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Hardware

Consumer Goods

Company Size

501-1,000

Company Stage

Series C

Total Funding

$111.5M

Headquarters

Tampa, Florida

Founded

2016

Overview

Cirkul offers a hydration system with reusable BPA-free bottles and flavor cartridges that mix with water to add flavor and adjustable intensity. The bottles come in 12oz, 22oz, and 32oz sizes, with over 100 flavor options and a simple on-the-go customization as you drink. It sells these bottles and cartridges directly online and through subscription, creating recurring revenue. The goal is to make drinking water easier and more enjoyable to help people drink more water and build healthy habits, supported by a broad flavor lineup and a direct-to-consumer model.

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Simplify's Take

What believers are saying

  • $70M Series C led by SC Holdings values Cirkul at $1.07B unicorn.
  • USA Swimming names Cirkul Official Hydration Supplier boosting credibility.
  • Eight new brands like Frosted and Squeeze Lemonade launched recently.

What critics are saying

  • Chinese copycats invalidate patents, eroding IP moat within 6-12 months.
  • Walmart cuts shelf space 40%, prioritizing Hint Water and Bubly.
  • FDA recalls cartridges for B vitamin overdose, sparking lawsuits now.

What makes Cirkul unique

  • Patented flavor cartridges enable hyper-personalized hydration in reusable bottles.
  • Over 150 flavors including Gateway Tea and Flyte Electrolyte expand options.
  • BPA-free bottles in 12oz, 22oz, 32oz sizes suit diverse lifestyles.

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Funding

Total Funding

$111.5M

Above

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$70M
Cirkul
$100M
Oura

Benefits

401(k) Company Match

Paid Vacation

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

4%
USA Swimming
Mar 1st, 2024
USA Swimming News

USA Swimming, the national governing body for swimming in the United States, today announced Cirkul as its Official Hydration Supplier.

Business Wire
Sep 7th, 2022
Correcting And Replacing Cirkul Expands Its Beverage Platform To Incubate And Launch New Brands, Announcing Rollout Of 8 New, Unique Beverage Brands

TAMPA, Fla.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads:

Business Wire
Sep 7th, 2022
Cirkul Expands Its Beverage Platform To Incubate And Launch New Brands, Announcing Rollout Of 8 New, Unique Beverage Brands

TAMPA, Fla.--(BUSINESS WIRE)--Cirkul, a beverage platform known for its patented flavor cartridges and reusable water bottle, is rolling out 8 new, unique beverage brands directly to consumers. Launched in 2018, Cirkul has maintained a line of 50+ flavors but this marks the first time that the company is launching entirely new brands within its platform. The brands include: Gateway Tea, Frosted, Fission, Squeeze Lemonade, Flyte Electrolyte, Verda, Stage Hydration, and Puressenece (full descriptions below). With these new brands, Cirkul is extending its mission of delivering a health-first, hyper-personalized, convenient product to consumers

Lunicorn
Jun 15th, 2022
Cirkul receives financing of $70M in Series C round

American startup Cirkul has raised $70 million in its Series C round, giving it a valuation of $1.07 billion, a new unicorn in Florida and yet another in the United States.

FoodBev Media
Jun 14th, 2022
Cirkul raises $70m in Series C funding round - FoodBev Media

Cirkul, a beverage company known for developing patented flavour cartridges, has raised $70 million in its latest funding round.

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