New Barn, Inc., maker of a line of almond milks and almond-based ice cream alternatives, has raised $3.75 million in a Series A round led by New Food SPV, an investment company created to serve as a funding arm for the company.
Though financial terms of the deal were not disclosed, Jerry Bello, managing partner at Keen, told BevNET that the investment is structured as a long-term play that includes an immediate infusion of working capital in addition to future tranches.
A “protein bite” maker, Siren Snacks recently closed a $1 million convertible note, according to the company. The round was lead by Pear Ventures, a Palo Alto, California-based venture capital fund.
Ketogenic meal shake startup Bear Squeeze has raised $715,000 in a pre-seed round led by AccelFoods, giving the brand a financial edge as it prepares to launch via ecommerce this spring.
The Series C investment round was led by Euclidean Capital, with Goldman Sachs and Fall Line Capital joining existing investors Khosla Ventures, GV, and S2G Ventures also participating.
Today, “ultra-fresh” food and beverage producer Urban Remedy announced it had closed a $17 million round of capital, with General Mill’s venture arm, 301 Inc, leading the round.
The capital will be used to grow the company’s team beyond its current 10 employees, hiring food scientists and chefs to support a robust innovation pipeline. Although some efforts will go towards developing new flavors for its current pint line, Nicholson said an even bigger focus is to bring the brand into categories beyond pints and, potentially, beyond the freezer aisle.
Today, global confectionery and snack leader Mars Inc. announced it was acquiring a minority stake in healthy snack brand KIND. According to The New York Times, the deal values KIND at more than $4 billion and could potentially lead to KIND’s future acquisition by the global company.
Yesterday, protein-centric brand Powerful announced the close of a $4 million round. The capital is a combination of equity investment from River Hollow Partners and asset based lending (ABL) financing through Gerber Finance. Currently the Miami, Florida-based producer of Powerful Yogurt and Powerful drinks, as well as an emerging product, high-protein Powerful Oatmeal, is in over 10,000 points of sale, including select Walmart, Target and Kroger stores.
Two coffee-forward brands are getting a jolt after receiving investments. Eat Your Coffee, an energy bar company using coffee as an ingredient and as its caffeine source, and Alpine Start, a maker of instant coffee, both announced last week that they raised funds.