The investment by Raya Holdings was led by His Highness Sheikh Mohammed Bin Sultan Bin Khalifa Al Nahyan, President of the United Arab Emirates. The new funding will help with Drip Water’s distribution and retail placement in the region, opening doors for partnerships in sport, music and events.

Drip Water will also begin plans for developing a canning facility and central distribution hub for the region, aiming to be the leading mineral water supplier for the Middle East.

Founded in October 2023, Drip offers a canned alternative to still and sparkling water. The British water company has sustainability at its core – using aluminium and saving 95% of the energy it would take to make a plastic bottle or carton. Drip also provides consumers with a heightened hydration experience, by naturally filtering the water through layers of chalk with the water containing essential minerals such as calcium and magnesium from deep within England’s South Downs, providing feel good benefits, as well as the ultimate hydration.

Now valued at £100 million, the water brand has grown rapidly since its launch and is currently available nationwide in all leading stores in the UK and will be available in the US starting in 2025.

Luke Davis, Co-Founder of Drip Water, said: “Raya Holding’s new equity stake will be key in our expansion in the region and beyond. Together, we’ll leverage access and insight in the Middle East to help Drip grow its business on a global scale and reach more consumers than ever before. We would like to thank His Highness Sheikh Mohammed Bin Sultan Bin Khalifa Al Nahyan for his hospitality.”

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