Olipop Inc., the high-fiber, lower-sugar soda startup, raised $50 million in a Series C funding round at a valuation of $1.85 billion.

Prebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company.

The profitable soda offering, with more than $400 million in annual sales, is the top non-alcoholic brand in the U.S. by dollar sales and unit growth, according to the company.

Prebiotic soda brand Olipop just closed a $50 million Series C funding round valuing the company at 1.85 billion. J.P. Morgan Private Capital’s Growth Equity Partners led the round. Co-founder and CEO Ben Goodwin told Bloomberg that the company will use the funding for product development,