Tech Company Financing Transactions
Poppi Funding Round
On 12/13/2022, Poppi raised $25 million in funding from CAVU Venture Partners.
Transaction Overview
Company Name
Announced On
12/13/2022
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Undisclosed
Investors
CAVU Venture Partners (Lead Investor)
Proceeds Purpose
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.
Company Information
Company Status
Private & Independent
Industry
FoodTech
Mailing Address
7047 Twin Hills Ave #145
Dallas, TX 75231
USA
Dallas, TX 75231
USA
Phone
Undisclosed
Website
Email Address
Overview
Poppi is a modem soda for the next generation, with a lights out taste, true functionality, and passionate founders who we are proud to call partners. I'm excited about the future of this brand.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Stephen Ellsworth
Chief Financial Officer
Charles Czerkawski
Chief Marketing Officer
Kouznetsov Buchanan
Co-Founder
Allison Ellsworth
Co-Founder
Christopher Hall
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Where The Data Comes From
We do our best to record every notable VC transaction. VC investment data records on this site are derived from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
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