Business
David Beckham's health drink startup IM8 secures $1B from General Catalyst's CVF loan fund
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David Beckham's health drink startup IM8 secures $1B from General Catalyst's CVF loan fund
IM8 has announced a $1 billion funding from General Catalyst's Customer Value Fund, structured as a loan with revenue-based repayment.
- IM8, co-founded by David Beckham and Danny Yeung, is a subsidiary of Prenetics and sells a subscription-based longevity vitamin drink.
- General Catalyst's CVF provides loans repaid with a fixed, capped percentage of the startup's revenue, without taking equity or ownership.
- General Catalyst has stated that CVF is intended for startups with predictable revenue streams and a plan for using capital to accelerate growth.
- Grammarly similarly took $1 billion from CVF in May 2025, prior to acquiring Superhuman.
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