The round was led by Monogram Capital Partners with celebrity investors Camila Cabello, Priyanka Chopra Jonas, Nick Jonas, Joe Jonas, Kevin Jonas, Mindy Kaling, Logic, and Gwyneth Paltrow. Also contributing to the funding round were Raj and Indra Nooyi (Former CEO, PepsiCo), Anjula Acharia (Founder, A-Series Management & Investments), Payal Kadakia (Founder, ClassPass), Moj Mahdara (Serial Investor & Co-Founder, Beautycon), Paul Klein (lead singer of pop band LANY) and returning early investor Rocana Venture Partners. This funding round values the three-year-old brand at $200 million and marks a significant milestone in their journey to usher in the next era of soda. OLIPOP anticipates achieving a $100 million run-rate by the end of 2022.

OLIPOP is a functional soda that offers the experience of enjoying cola without the guilt. OLIPOP was formulated alongside a team of leading scientists who developed a tonic that combines the classic soda taste with the benefits of plant-based fiber, prebiotics, and other botanical ingredients to help balance out the body's microbiome and promote overall well-being.