Califia Farms, a Los Angeles, CA-based plant-powered food and beverage company, closed an over $50m round of funding.
The round was led by Ambrosia Investments and existing investors Sun Pacific and Stripes Group.
The company intends to use the funds to expand its manufacturing capacity in Bakersfield, Calif. and further develop its go-to-market capabilities for commercializing recent innovations in Plant-Based Milks, Non-Dairy Creamers and Cold Brew Coffees, as well as promoting the launch of its new line of Probiotic Dairy Free Yogurt Drinks.
Led by Greg Steltenpohl, CEO and Co-Founder, and Sandeep Patel, Chief Financial Officer, Califia Farms is the maker of plant-based beverages marketed in distinctive curvy bottles. It offers refrigerated nutmilk, non-dairy creamer and ready-to-drink coffee and a line of dairy free probiotic yogurt drinks.
The company has also brought on board a small group comprised of actors, musicians, professional athletes and supermodel entrepreneurs who support the values of a plant-based lifestyle, including Jared Leto, Leonardo DiCaprio, Karlie Kloss, Shaun White, Tyler Hubbard and Brian Kelley, as well as entertainment advisory groups PLUS Capital and Big Loud Capital.
FinSMEs
02/07/2018