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- Olipop
Olipop Revenue, Valuation, Funding & Investors
Olipop is valued at $1.9B as of February 2025, a 4.6x multiple on its last reported $400M revenue.
Last Olipop valuation
$1.9B
Series C · Feb 2025
Last Olipop funding round
$50M
Series C · Feb 2025
Olipop revenue
$400M
Series C · Feb 2025
Key investors in Olipop
Finn Capital Partners
Monogram Capital Partners
Boulder Food Group ('BFG')
Barrel Ventures
Collaborative Fund
Rocana Venture Partners
About Olipop
Olipop is a Los Angeles-based beverage company producing prebiotic sodas with 9 grams of plant fiber per can across 17 flavors like Vintage Cola and Peaches & Cream. Distributed in over 25,000 US stores including Whole Foods and Target, its drinks feature botanicals and low sugar for gut health. Founded in 2017, Olipop uses chicory root and cassava fibers clinically shown to support microbiome balance.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$400M (Feb 2025)
Valuation
$1.9B (Feb 2025)
Sectors
Olipop Valuation
Olipop is currently valued at $1.9B, based on its Series C in February 2025.
The $50M round was led by JPMorgan Growth Equity Partners.
Olipop's valuation has grown 9.3x from $200M at its Series B in February 2022 to $1.9B in February 2025, across 2 priced rounds.
Olipop valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Feb 2025 | Series C | $1.9B | 4.6x |
| Feb 2022 | Series B | $200M | 2.7x |
Olipop Revenue
Olipop's latest recorded revenue is $400M, as of its Series C in February 2025. At a $1.9B valuation, that implies a 4.6x revenue multiple.
Revenue grew from $73M in February 2022 to $400M in February 2025, while the revenue multiple moved from 2.7x to 4.6x.
Olipop revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Feb 2025 | $400M | $1.9B | 4.6x | Series C |
| Feb 2022 | $73M | $200M | 2.7x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Olipop Funding History
Olipop has raised a total of $93M across 4 funding rounds.
Olipop's first fundraising round was a $3M seed round in January 2019. The most recent completed round was a $50M Series C in February 2025.
Olipop funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2025 | Series C | JPMorgan Growth Equity Partners (lead) | $50M | $1.9B | Olipop, a better-for-you soda brand founded in 2018 by Ben Goodwin and David Lester, produces prebiotic sodas formulated with botanicals, plant fibers, and prebiotics as a healthier alternative to traditional sodas. The company achieved profitability in early 2024 and has expanded to nearly 50,000 retail locations, leading in dollar and unit growth among non-alcoholic beverages for the 12-week period ending October 6, 2024, per Circana/SPINS data, outperforming brands like Coca-Cola and Dr Pepper. It boasts 25% adoption among Gen Z for the 52-week period ending November 17, 2024, according to Numerator. Olipop closed a $50 million Series C funding round led by J.P. Morgan Private Capital’s Growth Equity Partners, catapulting its post-money valuation to $1.85 billion. This marks a significant jump from its $200 million valuation after a $30 million Series B in 2022. The round validates Olipop's rapid growth and category innovation, with J.P. Morgan's Christopher Dawe joining the board. Previously, a $39.7 million Series B in 2022 included celebrity investors like Gwyneth Paltrow, Mindy Kaling, and the Jonas Brothers. The company reported annual sales surpassing $400 million in 2024, doubling from the prior year, per CNBC. Funds from the Series C will support product development, marketing expansion, flavor additions, retail growth, and broader distribution into spaces dominated by legacy soda brands. Leadership changes include appointing Melvin Landis as president, with experience from Bodyarmor and Coca-Cola, and David Lester transitioning to an advisory board role. In the competitive beverage market, Olipop outperforms peers like Liquid Death, which saw $303 million in 2024 sales and a valuation drop below $1 billion after a 2024 round, leading to its removal from the Prime Unicorn Index in Q2 2025. Olipop's momentum positions it as a leader in the premium, health-focused soda category. |
| Feb 2022 | Series B | Monogram Capital Partners (lead) | $30M | $200M | Olipop, a functional soda brand based in Oakland, California, closed its Series B funding round on February 1, 2022, raising $30 million led by Monogram Capital Partners. The round valued the company at $200 million and included significant celebrity and institutional investors, including Camila Cabello, Priyanka Chopra Jonas, the Jonas Brothers, Mindy Kaling, Logic, Gwyneth Paltrow, and Raj and Indra Nooyi (former PepsiCo CEO). This brought the company's total funding to $55.9 million since its inception. Olipop had achieved three years of market presence by the funding date and was focused on addressing digestive health through its scientifically formulated soda products, capitalizing on the fact that approximately 60% of Americans experience digestive issues weekly and 95% fail to meet daily recommended fiber intake. The company anticipated reaching a $100 million revenue run-rate by the end of 2022 and planned to use the Series B proceeds to develop new products, expand its team, invest in television and out-of-home advertising, and grow its e-commerce and wholesale distribution channels across retailers like Target. |
| Jan 2020 | Series A | Finn Capital Partners (lead); Boulder Food Group ('BFG'); Monogram Capital Partners; Terpsi Capital; Döhler Ventures; Barrel Ventures; Collaborative Fund; Rocana Venture Partners | $10M | - | - |
| Jan 2019 | Seed | Peter Rahal (lead); Boulder Food Group ('BFG'); Finn Capital Partners; Nathan Cooper; Barrel Ventures | $3M | - | - |
Who has invested in Olipop?
11 investors have backed Olipop across its funding rounds, including Finn Capital Partners, Monogram Capital Partners, Boulder Food Group ('BFG'), Barrel Ventures, Collaborative Fund and Rocana Venture Partners.
Lead investors include JPMorgan Growth Equity Partners, Monogram Capital Partners, Finn Capital Partners and Peter Rahal.
Olipop Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jan 2019 | ||
| 2 | Lead | Jan 2019 | ||
| 2 | Lead | Jan 2020 | ||
| 2 | Participant | Jan 2019 | ||
| 1 | Participant | Jan 2020 | ||
| 1 | Lead | Feb 2025 | ||
| 1 | Participant | Jan 2020 | ||
| 1 | Participant | Jan 2019 | ||
| 1 | Participant | Jan 2020 | ||
This data is available for Pro users. Sign up to see all 11 Olipop investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Olipop
Olipop has invested in 1 company to date.
Latest investment by Olipop was on November 12th 2025. Olipop invested in Mad Agriculture in their $500K Pre-seed round.
Latest Investments by Olipop
| Description | Mad Agriculture is a Boulder-based consultancy creating regenerative farm plans for crop and livestock producers in the US Midwest and Plains. The company assesses soil health, water cycles, and biodiversity to design cover crop rotations and grazing systems, working with operations spanning thousands of acres. Partners include General Mills and White Oak Pastures, advancing carbon sequestration verified by Land to Market standards. |
| HQ Country | |
| HQ City | Boulder, CO |
| Deal Date | 12 Nov 2025 |
| Round | Pre-seed |
| Raised | $500K |
| Investors | KIND Snacks; MegaFood; Bob's Red Mill; Marianne's Harvest; Ancient Nutrition; Little Sesame; Applegate; Adams Group; Bel Group; Oatly; New Belgium Brewing |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Olipop investments and their VC round multiples. Start Free Trial | |
Olipop Competitors
Olipop competitors include listed companies like Thai President Foods, Mayora Indah, Bell Food Group and Monde Nissin, and private ones like Naixuecha and China ZhongDi Dairy.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $830M | $187M | $1.8B | - | ||
| Publicly listed | $2.2B | $295M | $1.9B | 0.8x | ||
| Private | $725M | - | $1.8B | - | ||
| Private | $1.3B | $295M | $1.9B | 1.5x | ||
| Publicly listed | $5.9B | $446M | $1.8B | 0.5x | ||
| Publicly listed | $1.4B | $230M | $1.9B | 1.2x |
Olipop Public Comps
Olipop is still privately-owned, but its public comps include Thai President Foods, Mayora Indah, Bell Food Group, Monde Nissin, Ezaki Glico Co, SADAFCO, Universal Robina, Nestle Nigeria, Cisarua Mountain Dairy and CJ CheilJedang.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $830M | $187M | 1.9x | - | 8.4x | - | |||
| $2.2B | $295M | 0.8x | 0.8x | 6.2x | 6.1x | |||
| $5.9B | $446M | 0.5x | 0.5x | 6.4x | 5.8x | |||
| $1.4B | $230M | 1.3x | 1.2x | 7.7x | 7.3x | |||
| $2.3B | $174M | 0.7x | 0.7x | 9.3x | 8.2x | |||
| $800M | $161M | 2.0x | 1.9x | 10.0x | 12.4x | |||
| $2.7B | $328M | 0.8x | 0.8x | 6.7x | 5.9x | |||
| $908M | $229M | 2.3x | 2.0x | 9.0x | 8.7x | |||
This data is available for Pro users. Sign up to see all Olipop competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Olipop
| When was Olipop founded? | Olipop was founded in 2017. |
| Where is Olipop headquartered? | Olipop is headquartered in San Francisco, CA, United States. |
| Is Olipop publicly listed? | No, Olipop is a private, VC-backed company. |
| What is Olipop's valuation? | Olipop was last valued at $1.9B in its Series C in February 2025. |
| How much funding has Olipop raised? | Olipop has raised $93M across 4 funding rounds. |
| What was Olipop's last funding round? | Olipop's last funding round was a $50M Series C in February 2025, led by JPMorgan Growth Equity Partners. |
| Who are Olipop's investors? | Olipop's investors include Boulder Food Group ('BFG'), Finn Capital Partners, Monogram Capital Partners, Barrel Ventures, Terpsi Capital, JPMorgan Growth Equity Partners, Döhler Ventures, Nathan Cooper, Collaborative Fund, Rocana Venture Partners and 1 other. |
| What is Olipop's revenue? | Olipop's latest recorded revenue is $400M (February 2025). |
| What is Olipop's revenue multiple? | Olipop's latest valuation implies a 4.6x revenue multiple ($1.9B valuation on $400M of revenue). |
| Which companies are comparable to Olipop? | Companies comparable to Olipop include Thai President Foods, Mayora Indah, Naixuecha, China ZhongDi Dairy, Bell Food Group and Monde Nissin. |
| How many companies has Olipop invested in? | Olipop has invested in 1 company, including Mad Agriculture. |
| What was Olipop's last investment? | In November 2025, Olipop invested in Mad Agriculture's $500K pre-seed round alongside KIND Snacks, MegaFood, Bob's Red Mill and 8 other investors. |
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