Califia Farms closes another round of funding that brought in over US$50m

USA – Califia Farms, best known for its innovative plant-based beverages marketed in distinctive curvy bottles, today announces it has closed another round of funding that brought in over US$50 million.

According to the company, this round of investment has been led by Ambrosia Investments and existing investors, Sun Pacific and Stripes Group.

“Serge Schoen and his partners at Ambrosia complement our current investors with global experience in optimizing plant-based supply chains and supporting the continued rapid growth of entrepreneurial companies like Califia Farms.”

“This round of funding will allow us to further pursue our vision to be the leading plant-powered food and beverage company of the future by investing in our four brand pillars of sustainability, health and wellness, plant-based innovation and engaging consumer experiences,” said beverage visionary Greg Steltenpohl, CEO and Co-Founder of Califia Farms.

“Serge Schoen and his partners at Ambrosia complement our current investors with global experience in optimizing plant-based supply chains and supporting the continued rapid growth of entrepreneurial companies like Califia Farms.”

Califia will be expanding its company-owned 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 breakthrough line of Probiotic Dairy Free Yogurt Drinks.

“Califia Farms has achieved remarkable growth in its six years of operation through a disruptive suite of plant-based products,” said Serge Schoen, Partner and Chairman of Ambrosia Investments, and previously Chairman and CEO of Louis Dreyfus Company, one of the world’s largest agriculture supply chain solution providers.

“We’re excited about our investment in Califia and are committed to the long-term growth of the company as the brand continues to innovate and introduce products that truly live up to their motto of ‘Something Different, Something Better’.”

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.

As part of Califia’s partnership with its shareholders, the brand has also announced the sponsorship of Jared Leto’s 30 Seconds to Mars’ Monolith Tour this summer.

Prior to the band taking stage, show-goers will experience a 90 second video introducing Califia’s namesake, Queen Califia, and her inspirational embodiment of the spirit of California.

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