Monday, September 12, 2022

PowerPlant Partners Finds $330M For Food Investments

San Francisco- and Los Angeles-based PowerPlant Partners, best known for backing plant-based consumer food and beverage brands, says it has raised $330M for a third fund. The fund, PowerPlant Ventures III, LP, will invest invest between $15 million and $40 million in growth stage companies that are "consumer-facing brands that are better for people and the planet". The firm says it also plans to expand to include consumer technology, service and enablement companies that "put human and planetary life at the center of business." The firm said the fund has already invested in Miyoko's Creamery, Liquid Death--the canned water brand incubated at Science, Inc--plus Partake Brewing and SYSTM Foods.