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Poppi

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Prebiotic soda with apple cider vinegar for gut health

Dallas, United StatesFounded 2015Food
Valuation $1–2.5B Last recorded · 2025
Revenue $500M–1B Latest reported FY
Headcount 1–2k Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Poppi and the history behind them.

About Poppi

Poppi is a prebiotic soda brand known for its low-sugar, low-calorie beverages marketed as a healthier alternative to traditional sodas. The company was founded by the husband-and-wife team, Stephen and Allison Ellsworth. Allison, who previously worked in the oil and gas industry, began experimenting in her kitchen to create a palatable drink from apple cider vinegar (ACV) to address her own health issues. This led to the creation of Mother Beverage, which they initially sold at local farmers' markets in Texas.

The company's trajectory shifted significantly after an appearance on "Shark Tank" in 2018. Presenting as Mother Beverage, the Ellsworths secured a $400,000 investment from branding expert Rohan Oza. Following Oza's advice, the company underwent a major rebranding, changing its name to Poppi in 2020 to appeal to a younger, modern audience and repositioning the product as a "prebiotic soda" rather than an ACV drink. This strategic shift, combined with vibrant new packaging, was crucial to its subsequent growth.

Poppi's business model focuses on direct-to-consumer sales, primarily through major retailers like Whole Foods, Target, Costco, and Publix, as well as being a top seller on Amazon. The company's revenue grew exponentially, from an estimated $100 million in 2023 to $500 million in 2024. This growth was fueled by a digital-first marketing strategy, leveraging platforms like TikTok, where co-founder Allison Ellsworth's viral videos detailing her founder story generated significant sales. The brand also engaged in numerous influencer partnerships and celebrity endorsements. The product itself is a carbonated drink combining sparkling water, fruit juice, apple cider vinegar, and prebiotics from sources like agave inulin and cassava root fiber. Each can contains 35 calories or less and 5 grams of sugar or less. In March 2025, PepsiCo announced its acquisition of Poppi for approximately $1.95 billion.

Source: Dealroom company data

At a glance

Founded
2015
Headquarters
Dallas, United States
Sector
Food
Power Law
Unicorn$1–10B valuation tierThoroughbred$100M+ revenue

Investors

16 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Post Malone

Series A15 investors entered at this stage

  • CAVU Consumer Partners
  • Bryce Hall
  • The Chainsmokers
  • Josh Richards
  • Russell Westbrook
  • Kevin Love
  • Noah Beck
  • 24kGoldn
  • Halsey
  • Nicole Scherzinger
  • Kygo
  • Blake Gray
  • Chantel Jeffries
  • Ellie Goulding
  • Olivia Munn
Team profiled 16 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
8 countries with
team presence
🇺🇸 United States92.2%
🇨🇦 Canada6.1%
🇻🇳 Vietnam0.3%
🇰🇭 Cambodia0.3%
🇬🇧 United Kingdom0.3%
Top 5 of 8 shown
Web traffic by country
740K monthly visits
across markets
🇺🇸 United States84.4%
🇬🇧 United Kingdom2%
🇮🇳 India1.2%
🇲🇽 Mexico1.1%
🇸🇪 Sweden1%
Top 5 markets shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Poppi on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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