Los Angeles, CA – Prominent investor Adam Cochran, known for his deep involvement in the blockchain and cryptocurrency sectors, has revealed a significant new investment in a venture outside his traditional domain. Cochran, a partner at Cinneneamhain Ventures, drew a direct comparison to his early support for the now multi-billion dollar beverage company, Liquid Death, expressing optimism for a similar growth trajectory for his latest, undisclosed investment.
In a recent tweet, Cochran stated, "Last time I punted a check this large on something outside my usual domain was in the seed rounds for Liquid Death, so hopefully this game has a similar trajectory! 😅" This statement highlights the substantial nature of his new commitment and his confidence in its potential, mirroring the remarkable success of Liquid Death.
Liquid Death, founded in 2017, disrupted the beverage industry with its unique branding and marketing, packaging mountain spring water in tallboy aluminum cans. The company successfully raised $1.6 million in its seed round in January 2019, led by Science Inc. Since then, it has secured over $267 million in total funding across multiple rounds, reaching a valuation of $1.4 billion by March 2024. Its rapid expansion into flavored sparkling water and iced tea, coupled with triple-digit growth for three consecutive years, underscores the kind of explosive success Cochran hopes to replicate.
Cochran's primary investment focus has typically been in high-tech and blockchain technology, including a notable seed investment in Prisma Finance in 2023. His comparison to Liquid Death suggests that his new, large investment is in a sector distinct from his usual crypto-centric portfolio, indicating a strategic diversification or a belief in a disruptive opportunity beyond his core expertise. The identity of this new venture remains unconfirmed, but Cochran's public enthusiasm hints at a potentially groundbreaking development.