DripDrop closes a $5.6 million round of financing in support of rehydration solution

SAN FRANCISCO — DripDrop on Thursday closed a $5.6 million round of financing, which will support DripDrop's national rollout of its rehydration product to retail pharmacies and hospitals. The DripDrop oral rehydration solution, a small packet that is mixed with water, is currently in more than 100 H-E-B stores, the company reported. DripDrop expects to be in 15,000 retail doors in the coming weeks. 

 

Eduardo Dolhun is a Mayo Clinic-trained family physician that developed DripDrop after witnessing the efficacy of ORS during humanitarian efforts abroad. DripDrop’s ratio of ingredients meets the international health community’s standards to treat and prevent dehydration, while maintaining a taste profile similar to a sports drink. It has two to three times the electrolytes and half the calories of most sports drinks, and no artificial colors, flavors, or preservatives.

 

“When Eduardo Dolhun first witnessed the transformative nature of oral rehydration solutions in immediately treating dehydration, even he did not recognize how many different communities could benefit from these solutions,” stated Doug Wolf, CEO, DripDrop. “Not only will this investment help accelerate DripDrop’s availability on retail shelves nationwide, but the funds will also speed delivery to hospitals as a simple and cost-effective replacement for IVs, which are currently in short supply.”

 

“We are pleased to support DripDrop, a Bay Area company, in their efforts to speed the delivery of this unique product to multiple audiences,” stated Brano Perkovich, managing director of Aurum Partners, an investment arm of owners of the 49ers. “As owners and managers of a prominent sports franchise, we are able to quickly recognize the potential for this investment.”

 

In addition to the San Francisco 49ers, investors include Seth Taube of Medley and American rock musicians Sammy Hagar, Joe Satriani and Bob Weir of the Grateful Dead.