Poppi Raises $25M From Cavu Consumer Partners, Signaling Functional Beverages As Wellness' Next Frontier
Amount Raised
$25 Million
Round Type
Funding Round
Investors
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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Related People
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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