Founded in 2010 in a family kitchen, Beanfields bean chips are on a mission to make the world a healthier place to crunch. Beanfields delivers better-for-you chips that are wholesome, satisfying and positively addicting. Every delicious crunch is vegan, certified gluten-free, Non-GMO Project Verified and Kosher, packing four grams of protein and four grams of fiber per serving. Using black and navy beans, Beanfields blends a perfect combination of herbs and spices resulting in bold and delicious flavors. A better snack, a better crunch and full on flavor.
Venture firm PowerPlant Ventures announced yesterday the close of its second fund. At over three times the size of its predecessor, Fund II, which closed at $165 million, will allow the company to further refine its deal structure, co-founder and partner Mark Rampolla told NOSH. He added that the firm “[wants] to change this mindset that capital only cares about return.”
While there were plenty of buzzy, ketogenic, CBD-enhanced, cauliflower-based products lurking in Expo booths, if you looked deeper, several larger themes within the natural food industry emerged — including retail channel strategies, the effects of integrated sets and sleepy categories seeing new attention.
Beanfields has had a busy two years. In that time, the vegan chip company was acquired by PowerPlant Ventures and a coalition of investors in April 2017, rebranded, and seen CPG veteran Mark Rampolla both become CEO and then subsequently step down in place of Arnulfo Ventura in July 2018. Now, after a period of strong growth, the brand is announcing the close of its series B round of funding.
Beanfields CEO Arnold Ventura explores the development of his professional life amid the rapidly evolving food and beverage industries and how lessons gleaned from each role have molded his perspective on business and his leadership style.