Olipop Announces $30M Series B Funding Round With Investments From Camila Cabello, Priyanka Chopra Jonas, Nick Jonas, Joe Jonas, Kevin Jonas, Mindy Kaling, Logic, Gwyneth Paltrow, And More

Feb 01, 2022•over 3 years ago

Amount Raised

$30 Million

Round Type

series b

Oakland

Description

Functional soda brand OLIPOP today announced the completion of its $30 million Series B funding round led by Monogram Capital Partners with celebrity investors Camila Cabello, Priyanka Chopra Jonas, Nick Jonas, Joe Jonas, Kevin Jonas, Mindy Kaling, Logic, and Gwyneth Paltrow. Also contributing to the funding round were Raj and Indra Nooyi (Former CEO, PepsiCo), Anjula Acharia (Founder, A-Series Management & Investments), Payal Kadakia (Founder, ClassPass), Moj Mahdara (Serial Investor & Co-Founder, Beautycon), Paul Klein (lead singer of pop band LANY) and returning early investor Rocana Venture Partners. This funding round values the three-year-old brand at $200 million and marks a significant milestone in their journey to usher in the next era of soda. OLIPOP anticipates achieving a $100 million run-rate by the end of 2022.

Company Information

Company

Olipop

Location

Oakland, California, United States

About

About OLIPOP OLIPOP is a functional soda that offers the experience of enjoying cola without the guilt. OLIPOP is available in a variety of flavors including Vintage Cola, Orange Squeeze, Strawberry Vanilla, Cherry Vanilla, Lemon Ginger, Classic Root Beer, Orange Cream, Blackberry Vanilla, and Classic Grape. OLIPOP is Non-GMO, paleo, vegan, and gluten-free and is available online at www.drinkolipop.com as well as more than 10,000 grocers nationwide including Kroger, Target, Whole Foods, Sprouts, Safeway, and Wegmans.

Funding Insights

Based on industry data

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