As Natural Products Expo West approached, funding and transaction announcements popped up like daffodils and tulips. We gathered a bouquet of recent financial news here.
Good Culture nets $8 million
The re-imagined cottage cheese maker Good Culture received $8 million, led by CAVU Venture Partners, with significant investment from General Mills’ 301 INC, and Almanac Insights. The funding will be used to expand distribution and product development. Read more.
Pipsnacks LLC agrees to partnership with Factory LLC
Factory LLC invested $6 million in Pipsnacks LLC, the maker of mini-popcorn segment leader Pipcorn. The funding will help Pipsnacks expand its clean-label snack line, all made with heirloom corn. Read more.
Popchips founder finds support for new project RightRice
Strand Equity several influencers in a variety of industries have invested $5.5 million in RightRice, an innovative, shelf-stable vegetable grain product. All natural, vegan and GMO-free, RightRice has more protein and fiber than white rice. Read more.
Kuli Kuli aims to make moringa a household staple
With a $5 million round of Series B financing, the moringa foods company will launch an ingredient business. Griffith Foods, which led the round, will offer moringa as an ingredient for its wide range of customers. Read more.
PowerPlant Ventures leads investment in Your Super superfood mixes
With PowerPlant Ventures and other investors, Your Super received a $5 million Series A round. Its superfood mixes are made with ingredients sourced via a transparent supply chain. Your Super will accelerate its growth, expand its team and develop new products. Read more.
Redd Bar refreshes its taste, ingredients and packaging
Superfood energy-bar-maker Redd Bar will use the $2.4 million funding it secured to advance sales, marketing and R&D. The company plans to focus its marketing on millennials and use more social media to target that generation. Read more.
Beanfields closes Series B round after year of sales growth
Terms were not disclosed, but PowerPlant Ventures led this funding round. The “better-for-you” chips maker said it would launch new products and increase operations. Its chips are made with beans and brown rice. Read more.
Kidfresh plans to continue disrupting kids meals
The fast-growing brand of “better-for-you” frozen kids meals closed a Series C round, led by existing institutional investors. The New York-based food company, which recently sold its 20 millionth meal, will accelerate growth and its innovation strategy. Read more.
Nutrition Capital Network: Deal Download for February:
- Epogee, producer of patented fat-replacement and flavor-enhancement ingredients, raised $8.3 million in funding, led by a HG Ventures.
- Rowdy Mermaid Kombucha, which completed a $3.5 million Series A round.
- Back to the Roots announced a $3 million Series C led by publicly traded Central Garden & Pet and joined by new investor Blue Scorpion Investments.
- Manitoba Harvest being acquired by cannabis company Tilray Inc. from The Compass Group and other shareholders for up to CA$419 million (US$316.3 million on Feb. 20).