Hye is a manufacturing startup headquartered in Germany, founded in 2020. The company is set to launch its flagship product, a Mind & Mood Booster called hye - drink positive in October 2021. The product boasts of containing adaptogens and nootropics, aimed at promoting a good mood, de-stress and calm, and enhancing cognitive power. The last notable milestone for Hye was their successful Seed Round investment on 19 January 2023, with funding coming from Warsteiner. With an innovative product and backing from an established investor, Hye is poised for a promising entry into the market and potential growth in the future. The timing of their launch corresponds well with the increasing consumer interest in wellness and mental health products, offering an additional edge for the growth prospects of the brand. With a unique value proposition and strong financial backing, Hye has the potential to make a significant impact in the market. The success of this upcoming launch and the market traction of their product will be critical for subsequent investment rounds and long-term success.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Seed Round | Unknown | 1 | Warsteiner | 19 Jan 2023 |
Seed Round | Unknown | 2 | Denis Gibisch, Daniel Gibisch | 22 Oct 2021 |
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