Juicero is a company.
Juicero has raised $70.0M across 1 funding round.
Key people at Juicero.
Juicero has raised $70.0M in total across 1 funding round.
Juicero has raised $70.0M in total across 1 funding round.
Juicero's investors include Abstract Ventures, Artis Ventures (AV), Canvas Ventures, Felicis Ventures, Flex Capital, Maveron, NEO, Westlake Village BioPartners, Farzad Nazem, Hadi Partovi, Jed Stremel, Mark Goines.
Juicero was a Silicon Valley startup that built a high-tech WiFi-connected juicer called the Juicero Press, priced initially at $699 (later reduced to $399), paired with proprietary produce pouches sold for $5–$8 each to generate recurring revenue via a "razor-and-blade" model.[1][2][3][6] It targeted health-conscious consumers seeking convenient, fresh cold-pressed juice at home, aiming to solve the mess and effort of traditional juicing while ensuring nutrient retention through precise pressure equivalent to lifting two Teslas.[1][3][6] Backed by over $120 million from top VCs like Google Ventures (GV), Kleiner Perkins, and Campbell Soup Company, Juicero launched in March 2016 amid hype but collapsed in September 2017 after a Bloomberg exposé revealed the pouches could be squeezed by hand, exposing the product as over-engineered for a non-problem, leading to shutdown, refunds, and no buyer for its assets.[2][3][5][6]
Founded by Doug Evans, former CEO of Organic Avenue—a health food store chain sold in 2012—Juicero emerged from Evans' frustration with lacking easy, clean cold-pressed juicers after his company's exit.[1][3][4] After 1,200 days and 12 prototypes, Evans pitched the idea using a 3D-printed model, securing early funding and design input from Apple alumni like Jony Ive and Yves Béhar for its sleek, Apple-esque aesthetic.[1][3][4] Evans, often compared to Steve Jobs for his charisma, positioned it as a farm-to-glass ecosystem with 400 custom parts, QR-coded pouches (to prevent third-party copies like Keurig faced), and a Southern California campus for fresh produce sourcing limited to an 8-day shelf life.[1][2][4][6] Pivotal early traction came from VC excitement over recurring revenue and media buzz, raising $120 million despite no working prototype initially, launching as a 2016 top-funded hardware startup.[1][2][3]
These features fueled VC appeal but proved unsustainable when manual squeezing debunked the need for the expensive machine.[2][3]
Juicero epitomized the mid-2010s Silicon Valley hype for hardware-software hybrids in consumer wellness, riding trends like IoT kitchen gadgets (e.g., Nespresso, Keurig) and the cold-pressed juice boom amid health fads.[1][3][6] Timing aligned with VC frenzy for "disruptive" appliances promising recurring revenue, amplified by founder charisma and projections of mass adoption like Tesla's early models, but market forces exposed over-engineering: consumers balked at $700+ for a redundant device amid rising skepticism of VC-backed unicorns solving non-problems.[1][2][4] It influenced the ecosystem by becoming a cautionary tale—"Juicero'd"—highlighting projection bias, where VCs fund charisma over viability, fueling scrutiny on hardware startups and blade-model pitfalls in perishable goods.[1][5][6]
Juicero's legacy endures as a Silicon Valley flop, with no revival beyond satirical nods like repurposing presses as soap machines, underscoring risks of hype-driven funding without product-market fit.[5] No major trends point to resurrection; instead, it warns against overcomplicating simple needs in a maturing wellness market favoring affordable blenders or manual options. Its influence evolves as a case study in VC failures, reminding investors to prioritize real problems over engineered ecosystems—tying back to its core irony: a $120 million solution to hand-squeezable pouches.[2][3]
Key people at Juicero.
Juicero has raised $70.0M across 1 funding round. Most recently, it raised $70.0M Series B in March 2016.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2016 | $70.0M Series B | Abstract Ventures, Artis Ventures (AV), Canvas Ventures, Felicis Ventures, Flex Capital, Maveron, NEO, Westlake Village BioPartners, Farzad Nazem, Hadi Partovi, Jed Stremel, Mark Goines, Scott Banister |
