Exhibit 21.1
Subsidiaries of Celsius Holdings, Inc.
| Entity | Jurisdiction of Organization | |
| Celsius Netshipments, Inc. | Florida | |
| Celsius, Inc. | Nevada | |
| Celsius Asia Holdings Ltd. | Hong Kong | |
| Celsius China Holdings Ltd. | Hong Kong | |
| Celsius (Beijing) Beverage Co. Ltd | China | |
| Celsius European Holdings, B.V. | Netherlands | |
| Func Food Group Oyj | Finland | |
| Func Food Finland Oy | Finland | |
| Suomen Lisaravinne Oy | Finland | |
| Func Food Sweden AB | Sweden | |
| Peoples Choice AB | Sweden | |
| Freddy Store AB | Sweden | |
| Func Food Norge AS | Norway |