Posts by Brad Avery
Over the past year, the food and beverage space has witnessed a “green rush” of CBD startups entering the market in a race to capitalize on the trend. With no shortage of competition, Seattle-based Docklight Brands is also hoping to get on board the cannabis wave with 13 brands of its own.
Dave Asprey, founder of nutrition platform brand Bulletproof 360, has stepped down as CEO and will move into the role of executive chairman effective October 1, the company announced this week. He will be replaced by Sovos Brands CFO Larry Bodner.
CBD-infused drink mix maker OLEO, Inc. announced today it has raised $1.5 million in a convertible note round, which will help the Seattle-based brand scale distribution for its line of products.
Earlier this week, Inc. released the 2019 edition of the Inc. 5000 list — a ranking of the fastest-growing privately held companies in the U.S. This year’s list featured dozens of natural food and beverage companies, showing the industry’s increasing impact on the American economy.
CBD-infused snack and beverage maker Weller has raised $3 million in a funding round led by Brand Foundry Ventures, the company announced Friday. As part of the raise, Brand Foundry founder and general partner Andrew Mitchell will gain a seat on Weller’s board of directors.
Apple cider vinegar maker Bragg Live Food Products announced today it has been acquired by an investor group led by private equity firm Swander Pace Capital, positioning the 107-year-old wellness brand for expansion and innovation.
In the face of a changing consumer landscape, food and beverage brands marketing “indulgent” products must grapple with new challenges where consumers are planning their indulgence occasions, governments are increasing regulations, and innovation crossovers are blurring the lines between not just categories but whole industries.
Los Angeles-based private equity firm Butterfly signed a definitive agreement today to acquire Bolthouse Farms from Campbell Soup Company for $510 million in cash — roughly $1 billion less than what the soup conglomerate paid when it acquired the 104-year-old food and beverage brand in 2012.
U.S. Food and Drug Administration (FDA) commissioner Scott Gottlieb resigned today, effective next month. According to The Washington Post, the move was unexpected. Gottlieb was reportedly well-liked in the government, but told officials he wanted to spend more time with his family.
Moringa-based food and beverage brand Kuli Kuli announced yesterday it has raised $5 million in a Series B round co-led by product development company Griffith Foods and previous investor eighteen94 capital, the venture capital arm of the Kellogg Company.