Califia Farms, a leading plant-based food and beverage company, recently announced it has completed one of the largest private capital raisings within the natural foods sector, through a $225 million Series D financing led by the Qatar Investment Authority (QIA). Other investors in the financing include Singapore headquartered investment company Temasek, Canada based Claridge, Hong Kong based Green Monday Ventures, and a Latin America based family with significant interests in coffee and consumer products.
As demand for plant-based beverages is growing worldwide, Califia will use the latest funding to build on the success of its oat platform as well as to launch other lines. Proceeds will also allow Califia to further invest in increased production capacity, substantial R&D, deeper U.S. penetration, and continued global expansion.
Inspired by the legendary Queen Califia, namesake of the state of California, Califia Farms was founded in 2010 and has become one of the fastest-growing natural food and beverage companies of scale in the U.S. and select international markets. Califia’s mission is to discover and share 'what plants can do' to help people transform their health and adopt a lower carbon 'foodprint'.
Califia said it is looking forward to working with a more global investor base, as the company continues to grow and fulfill its mission.
"The more than $1 trillion global dairy and ready-to-drink coffee industry is ripe for continued disruption, with individuals all over the world seeking to transform their health & wellness through the adoption of minimally processed and nutrient rich foods that are better for both the planet and the animals," said Greg Steltenpohl, Califia's founder and chief executive officer. "Califia's role is to help plant the future."
He continued, "Speed to market is critical for companies at our stage, and we are thrilled that our new partners share our vision to be the leading independent brand in the plant-based sector. Each of our partners brings significant resources and global expertise to accelerate our next stage of our growth.”