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.”
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.
Artisanal ghee brand 4th & Heart announced the close of a $7.6 million round of capital today. In a video shot at this summer’s Fancy Food Show, NOSH Editor Carol Ortenberg sat down with CEO Raquel Tavares to discuss her goals for the brand and how she plans to use this capital to expand access and awareness of ghee.
Earlier this week NOSH Live Summer 2019 kicked off in NYC with a “boot camp” for food businesses. Attendees absorbed tips and strategies from a team of business experts, ranging from navigating e-commerce and branding to understanding how to build teams.
The Checkout: B&G Acquires Clabber Girl, Nuun’s #WeStandByHer Initiative, Angie’s Boomchickapop Co-Founders Invest in KYLA Kombucha
B&G acquires Clabber Girl, Nuun’s #WeStandByHer initiative, Angie’s Boomchickapop co-founders invest in KYLA Kombucha and more in this week’s Checkout.
Utz Quality Foods announced a $1.25 million settlement of a class action labeling lawsuit; Whole Foods is moving its Northeast headquarters; Nestle will move its ice cream and frozen pizza businesses from a DSD network to a warehouse model.
In picking up petite popcorn brand Pipsnacks last month, Factory, an innovation center for food, drink and pet brands, has now fueled itself with five brand investments.
Meat snack producer Stryve doesn’t just want to be the country’s leading biltong brand; it wants to be the manufacturer of choice for the growing category. The company last week announced the close of a $16.5 million round of funding to not only grow its own brand but to grow its manufacturing facilities as well.
In addition to its nationwide launch into the U.S. market, the ketogenic diet-focused company today announced the close of a $5 million round of funding and the launch of a new product line. In total, the two year old company has raised $9.4 million in funding.
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.