Agrovision, a Los Angeles, CA-based healthy superfruit platform, raised $100m in equity financing at over $1 Billion valuation.
Backers included Aliment Capital alongside other new and existing investors, including Steve Kaplan, Co-Founder of Oaktree Capital Management.
The financing will further accelerate global distribution and accelerate product innovation.
Led by Steve Magami, Co-founder and CEO, Agrovision is known for premium superfruits—blueberries, raspberries, blackberries, and cherries —sold under Fruitist and Big Skye brands. In the U.S., Fruitist supplies a large number of retailers, including Costco, Giant, Publix, Sprouts, Trader Joe’s, Wakefern, Walmart and Whole Foods, and is the Official Snack Partner of D.C. United.
The company has invested over $400m in global expansion, new genetics, artificial intelligence, and other proprietary technology. From its owned and controlled large-scale land and water assets in most of the world’s most exceptional micro-climates, within Peru, Mexico, Morocco, USA, Egypt, India, and China, Agrovision has developed year-round supply for premium-oriented retailer partners across North America, the UK, Europe, China, Southeast Asia, and the Middle East.
FinSMEs
01/08/2024