Hint Valuation, Funding & Investors

Hint is valued at $522M as of August 2020.

See full Hint profile

Last Hint valuation

$522M

Series D · Aug 2020

Last Hint funding round

$25M

Series D · Aug 2020

Cumulative funding Hint raised

$44M

across 3 funding rounds

Key investors in Hint

  • Springboard Growth Capital
  • GingerBread Capital
  • Natalie Carnegie
  • Matthew Kaness
  • Philippe Laffont
  • Medina Heights Capital Partners

Hint Overview

About Hint

Hint is a San Francisco-based beverage company founded in 2005. It produces unsweetened, fruit-essence infused waters in flavors such as watermelon, blackberry, cucumber, pear, and lime. Products distribute through grocery stores, specialty markets, spas, hotels, and online channels nationwide.


Founded

2005

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$522M (Aug 2020)

Hint Valuation

Hint is currently valued at $522M, based on its Series D in August 2020.

The $25M round was led by Springboard Growth Capital, with participation from Philippe Laffont, Medina Heights Capital Partners, Natalie Carnegie and GingerBread Capital.

Hint valuation by funding round

Hint valuation by funding round
DateStageValuation
Aug 2020Series D$522M

Hint Funding History

Hint has raised a total of $44M across 3 funding rounds.

Hint's first fundraising round was a $1M seed round in December 2013. The most recent completed round was a $25M Series D in August 2020.

Hint funding rounds

Hint funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2020Series DSpringboard Growth Capital (lead); Philippe Laffont; Medina Heights Capital Partners; Natalie Carnegie; GingerBread Capital$25M$522MHint, Inc. is a company that raised a Series D funding round of $25 million in August 2020, led by Springboard Growth Capital, with participation from GingerBread Capital, Medina Heights Capital Partners, Natalie Carnegie, and Philippe Laffont. This round brought total funding to $62.68 million across 9 rounds, reflecting investor confidence in its business model and growth potential. The post-money valuation for the Series D was $521.66 million, based on company-submitted Certificates of Incorporation. The capital supports strategic expansion, product development, market penetration, and operational scaling. As of December 2022, Hint had 69 employees. Earlier financial data from 2012 showed annual revenue of $0. Investor backing includes prominent names like Philippe Laffont, providing strategic expertise and networks.
Feb 2019Series CSpringboard Growth Capital (lead); Matthew Kaness$18M-Hint is a San Francisco-based foodtech company founded in 2005 that produces flavored water products, available at drinkhint.com. The company built a strong presence through partnerships with tech firms like Google and Facebook, attracting investors such as John Legend, and expanded distribution to retailers including Walmart, Aldi, Sam's Club, and BJ's. In December 2019, Hint closed a funding round led by Springboard Growth Capital, with mentions of a $25M investment, and direct-to-consumer sales comprised nearly 40% of its business at that time, supported by over 1 million customers in its database. Hint has raised a total of $90.79MM across funding rounds, including a Series C on 02/12/2019 for $39.86MM with post-money valuation of $342.65MM involving Springboard Growth Capital and others, and a later Series D in August 2020 with $521.66MM post-money valuation.
Dec 2013Seed-$1M--

Who has invested in Hint?

6 investors have backed Hint across its funding rounds, including Springboard Growth Capital, GingerBread Capital, Natalie Carnegie, Matthew Kaness, Philippe Laffont and Medina Heights Capital Partners.

Lead investors include Springboard Growth Capital.


Hint Investors

Investors in Hint by funding rounds participated
InvestorHQRoundsRoleFirst check
Springboard Growth CapitalUnited StatesNew York City, NY2LeadFeb 2019
Philippe LaffontUnited StatesNew York City, NY1ParticipantAug 2020
Medina Heights Capital PartnersUnited StatesNew York City, NY1ParticipantAug 2020
Natalie CarnegieUnited StatesSan Francisco, CA1ParticipantAug 2020

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Hint Competitors

Hint competitors include listed companies like Kofola, Sligro Food Group, Inghams Group and Zinzino Holding, and private ones like Captain Fresh and Bloom & Wild.

Public and private companies comparable to Hint
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
KofolaCzech RepublicCzech RepublicPublicly listed$509M$92M$521M1.6x
Captain FreshIndiaBangalorePrivate--$521M-
Sligro Food GroupNetherlandsNetherlandsPublicly listed$3.1B$177M$518M0.4x
Inghams GroupAustraliaAustraliaPublicly listed$2.2B$279M$529M0.6x
Zinzino HoldingSwedenSwedenPublicly listed$324M$46M$538M1.2x
Bloom & WildUnited KingdomUnited KingdomPrivate--$500M-

Hint Public Comps

Hint is still privately-owned, but its public comps include Kofola, Sligro Food Group, Inghams Group, Zinzino Holding, Atria, Vital Farms, Arabian Mills, Fonterra Shareholders' Fund, Wisynco Group and Nichols.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Kofola$509M$92M1.7x1.6x9.1x9.8x
Sligro Food Group$3.1B$177M0.4x0.4x6.4x7.0x
Inghams Group$2.2B$279M0.6x0.6x5.1x6.4x
Zinzino Holding$324M$46M1.4x1.2x10.0x7.8x
Atria$2.1B$146M0.4x0.4x6.1x5.6x
Vital Farms$759M$102M0.8x0.8x5.8x18.0x
Arabian Mills$266M$101M2.7x2.6x7.2x6.9x
Fonterra Shareholders' Fund$38M-12.7x0.0x-0.4x

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Common questions about Hint

When was Hint founded?Hint was founded in 2005.
Where is Hint headquartered?Hint is headquartered in San Francisco, CA, United States.
Is Hint publicly listed?No, Hint is a private, VC-backed company.
What is Hint's valuation?Hint was last valued at $522M in its Series D in August 2020.
How much funding has Hint raised?Hint has raised $44M across 3 funding rounds.
What was Hint's last funding round?Hint's last funding round was a $25M Series D in August 2020, led by Springboard Growth Capital.
Who are Hint's investors?Hint's investors include Springboard Growth Capital, Philippe Laffont, Medina Heights Capital Partners, Natalie Carnegie, Matthew Kaness and GingerBread Capital.
Which companies are comparable to Hint?Companies comparable to Hint include Kofola, Captain Fresh, Sligro Food Group, Inghams Group, Zinzino Holding and Bloom & Wild.

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