Forbes has released its list of the 100 most promising companies of 2015, with two fast-growing beverage brands landing in the top 20.
At No. 2 is Suja Juice, which jumped up a spot from last year’s placement at No. 3 on the list. The San Diego-based company, which produces a range of cold-pressed, high pressure processed juices and nut milks, had a monster 2014. Suja more than doubled its revenue from $18 million in 2013 to $42 million in the past year, and the company said that it expects to see sales double in 2015.
The growth of Suja has continued to attract significant investment, with the company raising $21 million in a recent funding round, bringing total outside investments in the brand to $45 million.
Eleven spots behind is Bai Brands, listed at No. 13 on Forbes’ list. The company reached over $40 million in 2014 retail sales of its beverages, which are formulated with coffeefruit-extract, an ingredient regarded for its antioxidant properties. Last year, Bai extended its product line with the launch of Bai Bubbles, a carbonated take on its flagship drinks. Like Suja, Bai expects to see a massive leap sales this year, and is reportedly targeting 2015 revenue of $100 million.
Suja and Bai took to their Twitter accounts Thursday to celebrate their inclusion on list saying they were “thrilled’ to be featured.
Just beating out Suja for the No. 1 spot on the list is San Francisco-based Instacart, whose online grocery delivery business closed out 2014 by raising $210 million in funding. The investment came just six months after the company raised $44 million in a round in June. Notably, market research publisher Packaged Facts recently projected the online grocery business to hit $100 billion in sales within the next five years.