Lester Aldridge Advises Neutonic on $3.7 Million Seed Raise

Lester Aldridge is pleased to announce its role as legal counsel to Neutonic, the fast-growing nootropic energy drink startup, on its $3.7 million seed funding round, which brings the company’s valuation to $20 million.

Founded in 2023 by James Smith, Chris Williamson, Luke Betts, and Shan Hanif, Neutonic has rapidly become a leader in the functional beverage space. Since launching in November 2023, the brand has sold over 3 million cans and generated more than $10 million in revenue, topping Amazon’s energy drink and grocery rankings.

The round attracted a high-profile group of investors, including Codie Sanchez, Dan Martell, Kayla Itsines, Alan Barratt (founder of Grenade), Mike Thurston, Jay Parker (Gym King Founder), and Just Develop It.

Lester Aldridge provided comprehensive legal support across all stages of the transaction, including deal structuring, investor agreements, and corporate governance. The firm collaborated closely with Neutonic’s executive team to ensure a successful and efficient closing.

With offices in London, Bournemouth and Southampton, Lester Aldridge advises clients across the UK and internationally. Its corporate team is known for its pragmatic and commercially driven support on private equity investments, venture capital deals and cross-border transactions.

James Smith, co-founder of Neutonic, said:
“We’ve had a clear vision from the outset and closing this funding round marks a significant milestone in reaching the next phase of our growth. We’re excited to expand into new markets and strengthen our presence in retail.”

The team at Lester Aldridge was led by Partner Jamie Earley (pictured above), who was assisted by Solicitor Chanjot Sandhi.

Jamie Earley, Partner at Lester Aldridge, commented:
“We are proud to have supported Neutonic through this exciting milestone. Their rapid ascent in the nootropic space reflects a broader shift toward performance-led, functional wellness products—and it’s rewarding to help clients scale with confidence.”

Proceeds from the raise will be used to expand Neutonic’s team, broaden its UK and US retail footprint, and launch new international markets.