Fundraising
Featured Fundraising Content
AWAKE Secures CAD $5M Investment and Ramps Up Distribution, Seeking to ‘Lead the Evolution of Chocolate 3.0’
On the heels of significant distribution gains in both the U.S. and Canada, caffeinated chocolate brand AWAKE has closed a CAD$5 million (approximately $3.6 million USD) follow-on funding round from Btomorrow Ventures.
Additional Content
Brynwood Partners Brings In $750 Million for 9th Fund
Now almost 40 years in, CPG focused private equity shop Brynwood Partners gave a clear signal today that it isn’t anywhere near done with its business model of buying and retrofitting well-known brands for a second run at success.
Tia Lupita Closes $2.6 Million Seed Round to Accelerate Household Penetration
Better-for-you Mexican food brand Tia Lupita has closed a $2.6 million funding round led by Santatera Capital and GBM Ventures to support product innovation and expansion into new markets. The entire round was raised by Mexican investment institutions.
Eat the Change Raises $14M as Tea Biz Grows
Eat the Change (ETC) has brought in another $14 million in growth capital to fuel its quest of changing consumers’ eating habits by widening distribution of Just Ice Tea and further testing its Cosmic Chews snacks.
On the Rise: Hero Bread Closes $15M to Grow National Distribution
Bakery brand Hero Bread announced today it has closed $15 million in funding to help the brand meet consumer demand and fuel future product innovation. The capital raise comes as the San Francisco-based brand shifts its focus to physical retail.
(Exclusive) Seas the Day: Scout Canning Raises $4M to Expand Tinned Seafood Platform
Tinned seafood may be having a moment, but Scout Canning believes it can give the category more than its fifteen minutes of fame. The Canadian company announced today the closing of $4 million in funding to fuel distribution growth and launch of new products designed for a broader audience.
NuAMP Crowdfunding Platform Launches, Designed For PoC Founders
Female PoC-owned sparkling water brand Droplet activated a crowdfunding campaign this month on NuAMP, a new platform dedicated to connecting PoC founders with various forms of capital. Created in collaboration with community fundraising platform NuMarket and AMP, a tech company connecting PoC founders with funding resources, the NuAMP program debuted with seven active crowdfunding campaigns to support diverse founders across the country
Fat Snax Raises Funds for Keto-Friendly Snacking Platform
Keto-focused snack brand Fat Snax will have more support as it pushes further afield into brick and mortar retailers this year. The company announced today that it has raised $4.5 million from venture group Boulder Food Group (BFG), along with investment firm BIGR and some individual investors.
Sauce in the City: Raising the First Round
In the next installment of Sauce in the City, Catherine Smart, founder of Not Just Co, explores how she went about raising capital for her fledgling food company.
Soulfull Project Leaves Campbell’s Backing, Spins Out as Independent Brand
Despite having enjoyed rapid growth while under the auspices of CPG giant Campbell’s, breakfast brand The Soulfull Project announced this week that it would spin-off as a unique entity. The shift in ownership comes as Campbell’s refocuses on its core businesses.