Funding round
Watermill Express Growth
Reported as "Growth Equity"
Watermill Express, which works in drinking water retail and distribution in Brighton, raised $410M in a Growth round announced on 21 Jul 2025, led by Hollyport, Pantheon and Portfolio Advisors. 4 firms took part, 1 of them already investors.
$410M
Amount raised
Not disclosed
Post-money valuation
4
Investors
3 leads
Valuation
What this round says about the price
Watermill Express did not disclose a valuation in this round. It is Watermill Express' first venture round on record, 41 years after it was founded in 1984. No later venture round is on record for Watermill Express.
Watermill Express' funding rounds
This is the only venture round on record for Watermill Express.
- Growth this round 21 Jul 2025, led by Hollyport, Pantheon and Portfolio Advisors $410M
Investors
Who put money in
Hollyport, Pantheon and Portfolio Advisors led the round with 1 other firm. Brentwood Associates had backed Watermill Express before.
Lead investors
- backs 6 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- Portfolio Advisors new investor
Also in the round
- backs 8 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations, acquisitions and working capital.
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Beverages & Refreshments:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Beverages & Refreshments | 2 Jun 2025 | undisclosed | not disclosed | not named |
| Beverages & Refreshments | 31 Mar 2025 | $27M | not disclosed | not named |
| Spindrift Beverages & Refreshments | 1 Jan 2025 | $650M | not disclosed | not named |
| Paramount Liquor Beverages & Refreshments | 25 Mar 2026 | $1.00B | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Watermill Express raise in its Growth round?
Watermill Express raised $410M in its Growth round, announced in Jul 2025.
Who led Watermill Express' Growth round?
Hollyport, Pantheon and Portfolio Advisors led it, with Brentwood Associates.
What was Watermill Express' valuation at the Growth round?
It was not disclosed.