beverage
(3)
Treasury Wine Estates
The company behind Penfolds spent a decade buying wine brands. Now it is cutting three quarters of them - and betting the whole business on the bottles people are willing to pay the most for.
Cirkul
Cirkul is a Tampa-based personalized hydration company that makes a reusable water bottle paired with snap-in flavor cartridges and a 'Flavor Dial' that lets drinkers control how much taste, vitamins, electrolytes or caffeine flow into plain water - with zero sugar and zero calories. Founded by former Dartmouth football teammates Garrett Waggoner and Andy Gay, the brand went viral on TikTok, became one of Walmart's fastest-selling home products, and reached a $1 billion valuation.
OLIPOP
OLIPOP is a prebiotic soda company that turned the soft drink industry on its head by proving that soda can be both delicious and good for your gut. Founded in 2018 by Ben Goodwin and David Lester, the Oakland-based company combines nostalgic flavors with functional ingredients - each can delivers 6-9 grams of prebiotic fiber from plant-based sources like cassava root, chicory root, and nopal cactus. After reaching $400 million in revenue and profitability in 2024, OLIPOP closed a $50 million Series C at a $1.85 billion valuation in 2025, making it the fastest-growing non-alcoholic beverage brand in the United States.