The past two-and-a-half years have been a roller-coaster ride for the founders of VAE Labs, but today the pre-revenue CPG company has some good news: a $2 million seed round that will help boost its sprayable caffeine device into the commercial market. Draper Associates led the investment and was joined by Midnight Venture Partners and Cartograph Ventures. The new capital gives VAE Labs an $8.5 million post-money valuation, according to co-founder Orri Bogdan. VAE Labs co-founders Chaim Weinerman and Orri Bogdan (Image credit: VAE Labs) Bogdan, Chaim Weinerman and Mohand Khouider, based out of Canada, created VAE Energy Spray a few years ago. Bogdan touts the device as “delivering a cup of coffee’s worth of energy in just three sprays.” The trio, who were studying neuroscience chemistry at the time, got the idea for the spray after realizing their usual way of caffeinating themselves to study during college was not the healthiest: they found out their preferred coffee brands — the ones they were consuming multiple times on a daily basis — were delivering double …

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