Prominent angel investor Siqi Chen has publicly announced his newest seed investment in a nascent startup named "lemonaidly," signaling a new venture in the health and wellness beverage sector. The announcement, made via his personal Twitter account, highlights the product's key feature: the inclusion of electrolytes.
Siqi Chen, known for his extensive portfolio of investments and his roles as CEO of Runway and former executive at companies like Sandbox VR and Postmates, expressed enthusiasm for the new company. In his tweet, Chen stated, "excited to announce my newest seed investment: lemonaidly." He further praised the founder, noting, "the founder is young but extremely charismatic and relentlessly resourceful."
The specific mention of "it’s got electrolytes!" suggests that "lemonaidly" is developing a hydration or functional beverage. The market for electrolyte-enhanced products has seen significant growth, driven by increasing consumer awareness of hydration needs beyond plain water, particularly among fitness enthusiasts and those seeking general wellness benefits. This investment aligns with trends in the functional food and beverage industry.
While further details regarding the investment amount, the company's business model, or its official launch timeline were not immediately disclosed, Chen's backing typically indicates a strong belief in a startup's potential. His investment philosophy often targets ventures he finds "fun and potentially big," as evidenced by his diverse angel investments in nearly a hundred companies including Clubhouse and Amplitude. The early-stage nature of this seed investment suggests that "lemonaidly" is still in its foundational development phase.