Confidential · Strategic Growth Round · 2026
01 / 12

Welcome Hero.

Please enter your details and the access password.

Confidential · Strategic Growth Round 2026
HYRO
Strategic growth round 2026

Australia's premium hydration brand.

Built for the next wellness-generation consumer. A$3M to A$5M strategic growth round to accelerate the US launch and continued AU rapid scale.

A$3M to A$5M roundUS launch + AU scaleFounder-led process
ConfidentialMay 2026
FAST
Active person with Hyro
Investment snapshot

Australia's fastest-growing hydration brand.

Hyro is a daily-ritual hydration powder built for the active adult majority the category forgot. In 24 months we've gone from A$7K to A$750K MRR, crossed 10,800 active subscriptions and proven a 6.1x LTV:CAC engine. This round funds the US launch, retention engineering and the next hero SKU.

A$0M+
Forward run rate
0+
Active subscriptions
+0/day
New subscriptions per day
0%+
First-order subscription take rate
0x
GP LTV:CAC at month 36
0%
GP1 on online & subscription orders
NOW
Hyro Orange & Mango sachets lifestyle
Why now

A US$40B category doubling to US$80B, and powders are taking the share.

The category is doubling. Powders are taking the growth. Subscription-led DTC is the proven distribution layer. Strategic capital is already buying in.

The category is on a step-change

  • US$40B → US$80B global hydration and sports drink category, 2024 to early-2030s.
  • Powders are taking the growth from sugar-loaded RTDs as the daily-use default.
  • Subscription-led DTC is the proven distribution layer for premium functional powders.

Strategic appetite has shown up twice already

  • Unilever acquired Grüns for ~US$1.2B in April 2026, ~33 months after first sale.
  • Unilever acquired Liquid I.V. in 2020, the prior strategic exit benchmark in hydration.
  • IM8 reportedly hit ~US$120M ARR in 12 months on a single-SKU daily-wellness format.
  • AG1 ~US$600M ARR, last reported valuation ~US$1.2B.
NEED
Consumer need

Hydration went mainstream. The shelf is still built for athletes and sick people.

80% of Australians don't drink enough water. Hyro is the daily-use brand for the active adult majority the category forgot.

Woman on pilates mat with Hyro
01
Gym & Pilates regulars

Train 4-6x a week, didn't want Gatorade.

02
Busy parents

Dehydrated by kids, coffee, fast days.

03
Hybrid professionals

Swapping the third coffee for hydration.

04
Wellness-curious 18-40s

Function and taste, no sugar or medical packaging.

05
Travel & recovery

The bottle on the bedside table.

Used across the whole day

A daily ritual · not a special occasion
06:00
Morning
First thing, before coffee.
08:00
Workout
Pre + post-train, sports drink without the sugar.
12:00
Workday
Work, school run, long drive.
15:00
Heat & Travel
When water alone isn't enough.
22:00
Recovery
Big night, rehydration ritual on the bedside table.
RANGE
Product, formula and positioning

Our playful performance positioning is winning on & off the field.

Hyro sits between medical hydration, sports drinks and premium wellness powders. Clinical-grade electrolyte load, zero added sugar, priced for daily use.

Hyro product range
1,167
5-star reviews
4.7
Average rating
100K+
Customers shipped
67K+
Email subscribers
51K+
Instagram followers
BrandPositioningSodiumPotassiumMagnesiumAdded sugar
Playful performance500mg250mg100mg0g
Hangover hydration510mg370mg0mg11g
Sick-day rehydration210mg156mg0mg2g
Sports performance270mg75mg0mg21g
Keto / endurance1,000mg200mg60mg0g

Source: competitor brand nutrition information panels, AU retail and DTC, May 2026. Hydralyte values shown for Electrolyte Powder, 200mL serve. Hyro delivers a daily-use formula no other major brand combines: clinical sodium load, real potassium and magnesium, zero added sugar.

GROWTH
Revenue trajectory

A$7K to A$800K monthly revenue in 25 months.

Twenty-five months. A$7K to A$800K. ROAS above 3x the whole way through. We sold out eight times. Imagine what happens when inventory stops being the ceiling.

0%
Compound monthly growth across the tracked 24-month window
0x
Blended ROAS maintained through scale and stockout periods
STACK
Subscription engine

From 20 new subs a day to 123+ a day in 10 months.

Hyro is now structurally a subscription business. We crossed 10,800 active subscriptions in May 2026, with May averaging 123 new subs a day. Every dollar of acquisition stacks recurring revenue, not one-time orders.

0
Active subscriptions
A$0K+
Subscription only MRR
0%+
First-order subscription take rate
<0%
Blended monthly churn
PAYBACK
Unit economics

THREE-MONTH PAYBACK. SIX-TIMES RETURN AT MONTH 36.

Each subscriber recovers acquisition cost within three months, then compounds. By month 36, blended gross profit reaches A$418 per subscriber against A$68 CAC, a 6.1x return that improves as retention and margin scale.

A$0
M36 Revenue LTV per sub
A$0
M36 GP LTV per sub
A$0
Weighted blended CAC
0x
GP LTV:CAC at M36
RETAIN
Retention engine

FIVE RETENTION STRATEGIES FOR BEST-IN-CLASS LTV & CHURN.

Subscription is the moat. Five compounding levers hold blended monthly churn at 8.9%, while lifting AOV and reducing avoidable churn moments.

Blended monthly churn
0%
01
Win-back & cancel recovery
Skio cancel-flow + automated win-back flows.
02
Self-serve control
Skip, swap, pause, change flavour or frequency.
03
First-30 onboarding
Lifecycle email + SMS in the high-churn window.
04
Free-gift hold points
Targeted incentives at flagged attrition windows.
05
Tiered interval pricing
Bimonthly and quarterly discounts lift AOV and reduce churn.
RETAIL
Wholesale & team partnerships

200+ retailers & teams. 100% inbound demand.

A second engine has switched on alongside DTC. National retailers, sports stockists and elite teams keep calling us. Our distributor is 8x ahead of forecast. Zero outbound spend.

200+Retailers, stockists & teams
100%Inbound demand
8xDistributor ahead of forecast
A$367KWholesale revenue to date, net
Quarterly wholesale revenue (AUD, net)
Retail, distribution & sports specialty
Elite teams choosing Hyro
Penrith Panthers
GWS Giants
Canberra Raiders
NSW State of Origin
Carlton FC
Manly Sea Eagles
Sydney Roosters
Melbourne Football Club
MARGIN
Financial story · Q2 2024 to Q2 2026

+75% AVG COMPOUND GROWTH, EVERY QUARTER SINCE INCEPTION.

From a kitchen bench to A$6.87M in 2 years. Product, brand and category fit from day one. Nine straight quarters of compounding, consistently ahead of our own milestones and forecasts.

DTC Wholesale / B2B Projected (Q2 2026)
A$0M
Lifetime AU net sales to end Q2 26
+0%
Year-on-year growth · Q2 25 → Q2 26
A$0M
Q2 2026 run-rate quarter (proj.)
0x
Quarterly net sales · Q2 24 → Q2 26
TEAM
Founders & cap table

FOUNDER-LED. BACKED BY STRATEGIC CAPITAL AND CATEGORY OPERATORS.

Steve and Taylor Chapman, Hyro co-founders

Steve & Taylor Chapman — Co-founders

Husband-and-wife founders. Steve scaled Shine to A$60M across 7,000 retail stores. Together they built Hyro from the kitchen bench to A$10M and a young family alongside it. Now packing up Harvey and Summer and moving the family to the US to take the brand to the next level.

  • Steve Chapman, CEO. Brand, growth, capital and the US launch.
  • Taylor Chapman, Co-founder. Product, flavour and the Taylor-at-Hyro customer voice.

Cap table to date

  • A$2.2M capital raised across friends, family and creator-investors.
  • Prior round at A$8M pre-money valuation.
  • Founders hold majority. Clean structure, no debt.

Advisors

  • AU founders & operators: Eucalyptus, Remedy Kombucha, Heaps Normal.
  • US CPG: Bai, Zico Coconut Water, Seed.
  • Financial: PE, VC, family office and UHNW.
CREW
Ambassadors & equity partners

OUR CREW OF CREATORS, ATHLETES & CULTURAL OWNERS.

Equity ambassadors, not paid posters. 2.85M+ AU combined reach across wellness, AFL, NRL, Rugby, Olympic sport and food culture, plus 26M+ via our US celebrity inbound. Built to compound trust, not buy it.

Sarah's Day
Sarah's Day
WELLNESS CREATOR
1.3Mfollowers
Max Gawn
Max Gawn
AFL · MELBOURNE FC
114Kfollowers
Quade Cooper
Quade Cooper
WALLABIES · RUGBY
540Kfollowers
Daly Cherry-Evans
Daly Cherry-Evans
NRL · ROOSTERS
123Kfollowers
Will Day
Will Day
AFL · HAWTHORN
45Kfollowers
Dan Churchill
Dan Churchill
CHEF / AUTHOR
440Kfollowers
Reuben Garrick
Reuben Garrick
NRL · MANLY
30Kfollowers
Kendrick Louis
Kendrick Louis
IRONMAN
55Kfollowers
Jessica Spendlove
Jessica Spendlove
PERFORMANCE DIETITIAN
85Kfollowers
Blake Edwards
Blake Edwards
OLYMPIAN
30Kfollowers
Johannes Egberts
Johannes Egberts
BREATHWORK COACH
77Kfollowers
US celebrity (placeholder silhouette)
US Celebrity
INCOMING
26Mfollowers
EXPAND
The expansion thesis · 2026-2030

MASSIVE GROWTH OPPORTUNITY IN THREE DIRECTIONS.

One brand. One subscription engine. Three orthogonal growth vectors that compound on the same operating stack: new geographies, new consumers, new daily-use products. Each unlocks the next.

Hyro sports bottle, post-workout recovery
01GEOGRAPHIES

New markets, same playbook

  • US · live now, Shopify Plus + Robo3PL operating, demand ramp underway
  • UK · large active-adult segment, premium DTC paid model
  • Canada · US-adjacent ops, low-friction expansion
  • UAE / Middle East · premium positioning, distributor model
02CONSUMERS

New occasions, same daily ritual

  • Hybrid athletes · run, lift, recover, performance hydration
  • Parents & family · kids variants, low-sugar formats
  • Longevity / wellness · daily-use, ageing-active majority
  • Gen-Z social · TikTok-native, club-night and hangover use
03PRODUCTS

More routine, more reasons to subscribe

  • + Creatine · the next daily SKU
  • + Beauty / collagen · women-led daily-use
  • + Focus / energy · productivity occasion
  • + Hangover / sleep · evening and recovery
4
Markets by 2030
5+
Daily-use occasions
5
SKU extensions
1
Operating model
LOOP
The GTM playbook

ONE PLAYBOOK. PROVEN IN AU. BUILT FOR THE US AT 10X SCALE.

Three motions feed two compounding loops. Ambassadors light the brand. UGC at scale on TikTok Shop drives discovery. Meta + Amazon close the loop where economics compound.

Blackcurrant Crush x Sarah's Day campaign
01 · IGNITE
Ambassadors light the brand
Sarah's Day · Quade Cooper · DCE · Reuben Garrick · Max Gawn · US athletes incoming
02 · AMPLIFY
TikTok Shop + UGC engine
Brand campaigns build affinity. Thousands of creators produce organic UGC. Halo feeds paid creative.
03 · COMPOUND
Meta + Amazon close the loop
Meta drives Shopify subs (LTV). Amazon captures search-led trial. Both feed creative learning.
Loop 01 · LTV engine
MetaShopifySubscription
6.1x LTV:CAC at M36 · subscribers carry the brand
Loop 02 · Acquisition engine
TikTok ShopAmazonTrial
UGC at scale · halo feeds Meta creative · cheap reach
ENGINE
Operating engine

FIVE HUMANS. FIFTEEN-PERSON THROUGHPUT. A$2M REVENUE PER FTE.

Capital efficiency
A$2M
Revenue per Full-Time Employee
5
Full-Time Humans
5+
AI agents in production
6
Specialist agency partners
01 Internal Team
5 FTE

Operating team

  • Mike Dalton: CMO, brand & category playbooks
  • Nicola: CX, ops coordination, founder leverage
  • Nathan: Growth, CRO, lifecycle, US store
  • Julia: Creators, ambassadors, social-proof
  • Emma: Supply chain, inventory, fulfilment
02 AI-Native Layer
5+ agents

AI agents in production

  • Hermes: chief-of-staff, execution orchestration
  • Apollo: growth intelligence, creative testing
  • Atlas: supply chain, purchasing, inventory
  • Plutus: finance cockpit, margins, capital
  • Lisa: customer inbox, escalation discipline
03 External Specialists
6 agencies

Best-in-class partners

  • Ad Creative: high-velocity UGC & static engine
  • Meta Performance Buyer: paid social scale
  • Google Ads Growth: search & YouTube
  • Amazon US/AU: marketplace performance
  • TikTok Shop Growth Partner: shop & affiliate
  • LTV / Retention: lifecycle & subscription depth
Partners have scaled9-figure DTC subscription brands
ROUND
Round structure

A curated round for strategic capital.

A$3M-A$5M
Round size
~A$30M
Pre-money valuation anchor
9.1%-14.3%
Dilution range
A$2.2M
Capital raised to date
~3x
Multiple on AU subscription ARR

Implied multiples

  • ~3.0x to 3.3x on forward run rate.
  • ~2.0x on 2026 base revenue.
  • ~1.6x on 2026 target revenue.

What we are looking for

  • Category operating experience in functional wellness, beverage or recurring-revenue consumer.
  • US distribution or retail relationships.
  • Creator-led acquisition or athlete equity partnership depth.
  • Strategic acquirer context in the category.
Hyro product range
DEPLOY
Hyro May campaign
Use of funds

Capital goes directly into the next growth step.

US paid media and creator activation
58%
Inventory depth and 3PL readiness
14%
Creator operations and creative production
10%
Founder secondaries
10%
R&D, Creatine launch and working capital
8%
COMPOUND
Post-raise forecast

PROFITABILITY COMPOUNDS FASTER THAN REVENUE.

Revenue grows ~12x from FY26 to FY29 — but EBITDA margin swings from −12% to +12% and operating cashflow turns firmly positive by FY28. The capital funds the curve; the model carries itself from there.

Revenue EBITDA Operating cashflow EBITDA margin %
Financial model reviewed by our advisors.
A$0M
FY29 revenue (≈12x FY26)
+A$0M
FY29 EBITDA (+12.3% margin)
+A$0M
FY29 operating cashflow
+0pts
EBITDA margin swing FY26→FY29
COMPS
Comparables & transactions

High repeat consumer brands are being highly valued. The window is open now.

Three billion-dollar exits in hydration and daily-ritual wellness in six years. Two in the last six weeks. Strategic acquirers are buying this category right now.

Company
Event
Deal
Multiple
This round · 2026 · AU subscription hydration, ~A$10M run-rate
A$5M @ A$30M pre-money
~3x rev
Acquired by Danone · Mar 2026 · Functional meal
~US$1.2B
strategic
Acquired by Unilever · Apr 2026 · $0 → $300M in 24mo
US$1.2B
~4x rev
Acquired by Unilever · 2020 · Now >US$2B segment
US$500M
~2.5x rev
Growth round · 2022 · on US$115M revenue
US$1.2B valn
~8x rev
Public scale-up · 2024-25 · In 12 months
~US$120M ARR
~3.4x rev
Series A, L Catterton-led · Mar 2026 · on ~US$100M run-rate
US$27.5M
growth
Growth round · 2026 · on US$8M revenue
US$6M @ US$60M
~7.5x rev
Series B · Mar 2026 · Creatine gummy
US$20M
growth
Hyro is the only AU subscription engine at this scale — a $10M run-rate hydration brand with proven unit economics, sitting in the exact category strategics are paying premium multiples for.
Implied valuationHyro raises at A$30M pre-money — ~3x forward run rate, ~4x subscription base — against comps trading 3–8x revenue. At A$30M pre, reaching a A$50M run rate implies ~A$150M valuation, a ~5x return.
SCALE
Path to scale

FROM A$10M RUN-RATE TODAY TO A GLOBAL DAILY-ROUTINE PLATFORM.

Three years. Three levers compounding: subscription depth, US scale-up, and an AI-first operating layer.

Woman on pilates mat with Hyro
FY27
A$20M
AU COMPOUNDS. US META ENGINE LIVE.
  • Subscription take rate to 80%+ on first order.
  • Apollo + AI creative scales paid to 400+ concurrent ads.
  • Creatine ships as second hero SKU.
FY28
A$50M
US MATCHES AU. WHOLESALE LAYERED ON.
  • US revenue base at AU scale on drinkhyro.co.
  • Wholesale to 300+ B2B accounts, AU retail pilot live.
  • Third routine SKU sequenced into the lineup.
FY29
A$100M+
MULTI-CHANNEL, MULTI-MARKET PLATFORM.
  • #1 growing hydration brand in the US.
  • Daily routine for hundreds of thousands of households.
  • US retail pilot, AU national distribution. Exit ready.
VISION
The next move

Build the daily ritual for the next generation.

The only Australian-born hydration brand with the subscription engine, the unit economics and the operating velocity to win this category globally. The right partner helps us compound from ten thousand subscribers to a million.

Steve Chapman · Founder & CEO · Hyro
Steve and Taylor Chapman with Hyro ambassador investors