Last week artisanal pasta company Sfoglini announced the close of a $2.5 million round of funding. Investment group Almanac Insights led the round, with Fresh Source Capital and several individual investors taking part.
Encore Consumer Capital has made an undisclosed investment in the premium bacon and pork product maker.
SnackNation said it will use the new funds to expand into new distribution channels such as hospitality and transportation and scale its direct-to-consumer business.
Today Hu Products, a producer of paleo-friendly, vegan, organic chocolate, announced the close of a round of funding led by Sonoma Brands, the venture fund helmed by CPG veteran Jon Sebastiani.
The new investment, announced on Tuesday, brings total funding for Ample to $4 million.
Add another player to the plant-based fray. Pig Out, a line of plant-based, pork inspired chips launched this month.
Executing a series of strategic moves, grass-fed beef brand Teton Waters Ranch this month signalled it is ready to expand. The sausage brand announced yesterday that it had brought on CPG veteran Mike Murray as its new CEO and, earlier this month, rolled out a new rebrand and package “reconfiguration.”
Yesterday, investment group Monogram Capital announced that it had closed its first fund at $152 million. Monogram has previously invested in food brands including Ellenos greek yogurt, jerky producer Country Archer, frozen food brand Kidfresh and fast casual restaurant concept, Dig Inn.
This month, the two food brands both made major funding announcements and declared plans to expand their reach nationally. Here’s the latest on both investments.
Farmwise LLC, the makers of Veggie Fries, Veggie Tots and Veggie Rings, announced Tuesday night that it closed a $4.5 million financing round led by Cleveland Avenue LLC, the venture capital firm founded by Don Thompson.