🍀 Lucky F*ck, 🛠️ Builder.io
Sugar Capital welcomes Lucky Beverage Company to the portfolio and celebrates Builder.io’s $20M raise led by Microsoft’s venture fund.
Please join us in welcoming Lucky Beverage Company to the Sugar Capital portfolio.
Lucky F*ck is a clean energy drink containing just five ingredients and five calories. The company was founded by Richard Laver, who survived a plane crash at age 12, later founded Kate Farms, and has now founded Lucky. Sugar Capital participated in Lucky’s $8M round led by Brand Foundry Ventures with participation from Imaginary Ventures.
Congratulations to our portfolio company, Builder.io on its $20M raise led by M12 (Microsoft’s VC arm).
Introducing SugarRush - your new AI Editor-in-Chief
SugarRush simplifies your inbox by filtering, editing, and summarizing the newsletters you love into a personalized feed of essential insights. Here are the top stories from the last few weeks:
🎬 Sex Sells Again in Hollywood nytimes - A deep dive into Hollywood's renewed focus on adult themes in movies such as 'Challengers' and 'Saltburn', exploring the role of intimacy coordinators and shifting audience demographics.
🌟 Met Gala's Best Dressed 2024 hollywoodreporter - The Met Gala's fashion did not disappoint, with celebrities bringing their A-game, reflecting the 'The Garden of Time' theme in breathtaking ensembles.
📚 Rise of Intellectual Influencers businessinsider - Explores the shift towards 'edutainment' on social platforms and the emerging trend of intellectual influencers.
🛍️ Doubling Down on TikTok Despite Ban Rumors bof - Fashion and beauty brands remain steadfast in leveraging TikTok Shop, undeterred by whispers of potential bans, aiming to tap into the platform's vast shopping audience.
🛏️ Quiet juggernaut Ashley Furniture makes $1B acquisition axios - Ashley Home Furnishings acquired mattress maker Resident Home for nearly $1 billion, positioning Resident for a potential future IPO after expanding its product line. Avid Capital Advisors was the exclusive financial advisor.
▶︎ Check it out here: https://sugarrush.ai
Portfolio Companies in the News
💅 Nicki Minaj launches press-on nail brand Pink Friday Nails and shows them off at the Met Gala - BoF, Billboard, Hollywood Reporter, HypeBae, WWD
💰 Builder.io nets $20M from Microsoft's venture fund. What it means for the future of headless CMS - CMS Critic
🚀 Motion ships Launch Analysis enabling entire marketing teams to see what creative has been posted, what’s working, and what they should do next.
🍀 Lucky F*ck, the energy drink, cleans up its act with name change and comic campaign - AdAge
🤩 Starface launches neutral pimple patches and debuts them at Kiko Kostadinov’s runway show - Glossy, hypebae
👃 Beautifying the Home: 9 New Household and Cleaning Launches From Diptyque, Snif and More - WWD
✨ Exponent Beauty’s Power System launch is covered by multiple outlets - NY Mag, Robb Report, New Beauty, WWD
🫒 The founder of olive oil brand Brightland’s first career in communications taught her an essential lesson for every CEO - Fortune