Poppi

Poppi has raised a total of $52.3 million across multiple funding rounds, culminating in its acquisition by PepsiCo for $2 billion. Founded in December 2015 in Austin, Texas, Poppi produces flavored, sparkling probiotic drinks that are available at major retailers, including Walmart and Target. Key funding rounds include a $13.8 million venture round, a $13.5 million Series A, and a $25 million Series B, primarily led by CAVU Consumer Partners. High-profile investors, including Russell Westbrook, The Chainsmokers, Kygo, and Halsey, have also backed the brand, fueling its rapid growth in the health beverage market.