Fundz

Poppi Raises $25M From Cavu Consumer Partners, Signaling Functional Beverages As Wellness' Next Frontier

RECENTLY ACQUIREDDec 13, 2022

Amount Raised

$25 Million

Round Type

Funding Round

AustinOtherFood And BeverageHospitalityRetail

Investors

Cavu Consumer Partners

Description

Poppi, a leading prebiotic soda brand celebrated for its deliciously refreshing flavor profiles and functional/digestive health properties, today announced $25M in new financing led by CAVU Consumer Partners. The funding comes after a year of meteoric growth for Poppi, which began as a farmers' market favorite and is now one of the fastest growing non-alcoholic beverages in the U.S. Over the past year, the brand experienced 148 percent increase in overall revenue and a 250 percent increase in online sales. The company also nearly doubled its retail presence (now in more than 20,000 doors nationwide) and became a top 10 selling item in the grocery category on Amazon during its Prime Early Access Event.

Who else raised in Food And Beverage and Hospitality around the same time

Companies in the same sectors as poppi that raised within 45 days of this round, from Fundz verified event records.

  • The ISH™ Food Company raised an undisclosed amount (Funding Round) on January 24, 2023.
  • No Meat Factory raised $42M (Series B) on January 12, 2023.
  • Modify Health raised $10M (Series B) on January 10, 2023.
  • Modify Health raised $10M on December 30, 2022.
  • SPoT Coffee raised $83K (Pre-Seed) on December 22, 2022.
  • Suplyd raised $1.6M (Seed) on December 15, 2022.

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Company Information

Company

poppi

Location

4102 RIDGELEA DR.

Austin, Texas, United States

About

poppi is a fast-growing prebiotic soda brand aiming to modernize soda for the next generation. Founded by Stephen & Allison Ellsworth, it combines prebiotics, fruit juice, and apple cider vinegar for a refreshing low-calorie beverage. The brand focuses on a community-oriented approach and engages Gen Z and millennials effectively. poppi has cultivated a strong following through vibrant packaging and viral marketing campaigns.

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Related People

3 contacts
Verified contactsAllison E., Co-Founder / Chief Brand Officer hidden hidden hiddenSee plans and pricing
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poppi raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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