Disruptor beverage brand accelerates enterprise value with 75% improvement in marketing ROI

A fast-growing beverage brand + Keen case study
A healthy beverage sitting on the countertop with strawberries on top

About the client

This fast-growing beverage brand quickly emerged as a leading player in the functional soda space. As demand surged, the team needed clarity on how much to invest in marketing – and where – to unlock the next phase of scale. The brand partnered with Keen to guide investment decisions with financial confidence.
5X
Increase in marketing investment intensity (2023–2025)
75%
Improvement in profit ROI on marketing (2023–2025)
13X+
Growth in enterprise value culminating in a ~$2B acquisition
In this case study

The Challenge

By 2022, the brand had reached roughly $150M in annual revenue and was poised for breakout growth – but lacked a clear roadmap for how aggressively to invest in marketing.

Leadership needed a credible, financial planning system to quantify the upside of increased investment—especially ahead of high-profile brand moments.

Without a data-driven framework, decisions risked being driven by instinct instead of economics.

The Solution

In 2023, the brand partnered with Keen to quantify the causal impact of marketing and model how different spend levels could accelerate topline growth.

Using Keen’s planning scenarios, the team validated the upside of increased investment and built a tentpole strategy around key seasonal and cultural moments.

Keen enabled the brand to forecast outcomes before committing dollars, align leadership around bold investment, and repeat the strategy with confidence in 2025.

The Result

Over the course of the partnership, the brand increased its marketing investment intensity from ~6.8% to ~10.8% of revenue and improved profit ROI on marketing by 75%.

Incremental revenue contribution nearly doubled—from 20.5% to 42.1% – and total revenue increased 65% year-over-year (2024 → 2025), with 11% of that growth driven by smarter marketing.

In 2025, the brand was acquired by a global beverage company for ~$2B and continues to rely on Keen as its planning and forecasting system.

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