Olipop, a prebiotic soda brand, has successfully raised $50 million in its latest funding round, boosting its valuation to $1.85 billion. Co-founder and CEO Ben Goodwin confirmed that the company is operating profitably, with 2024 sales estimated between $400 million and $450 million. This funding round follows a previous valuation of approximately $200 million in 2021, when Olipop raised $30 million. The company has achieved $500 million in sales within six years, making it the second fastest beverage brand to reach this milestone, trailing only Monster Beverage, which had a 71-year head start. The latest investment was made by J.P. Morgan.
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The prebiotic soda brand and two-time Inc. 5000 honoree was previously valued at $200 million in 2021. https://t.co/6HmpYoMS93
🇺🇸 Prebiotic soda brand Olipop valued at $1.85 billion in latest funding round https://t.co/1sjlSyAARB