Prebiotic soda brand Olipop has raised $50 million in a Series C funding round that valued the company at $1.85 billion, according to Bloomberg, which reported the company is profitable and brought in more than $400 million in sales last year.

Funding was led by JP Morgan Private Capital’s Growth Equity Partners and will reportedly help expand product development, marketing, and distribution.

Prebiotic drinks that feature high fiber and less sugar than traditional soda have been a top trend in the functional beverage market. U.S. sales of a dozen or more prebiotic beverage brands were estimated at $100-150 million last year, according to Beverage Marketing Corp, triple what they were the previous year.

Highlighting the growing popularity of prebiotic sodas, Olipop’s competitor Poppi ran an ad during this year’s Superbowl.

Founded in 2018 by Ben Goodwin and David Lester, Olipop says its drinks are crafted with prebiotics, botanicals and natural plant fiber to support the microbiome and benefit digestive health. The Public Benefit Corp is based in Oakland, CA.