Miyoko's Kitchen receives growth equity investment to build new manufacturing facility
JMK's investment will enable Miyoko's Kitchen to fuel continued growth in product assortment and distribution capabilities.
Miyoko's Kitchen, a Fairfax, Calif.-based manufacturer of non-dairy vegan cheese and butter alternatives, received a significant minority investment from consumer-focused growth equity fund JMK Consumer Growth Partners, New York.
JMK's investment will enable Miyoko's Kitchen to fuel continued growth in product assortment and distribution capabilities, and complete a new manufacturing facility in Petaluma, Calif., which will provide capacity that is 30 times its current level and support the significant growth expected in the coming years.
"JMK and Miyoko's Kitchen are a perfect match. The JMK team's understanding of food trends and their appreciation for true innovation in the food space impressed me immediately. What JMK saw in Miyoko's was not just a food brand, but a company dedicated to a mission of human, environmental and animal health," says Miyoko Schinner, founder of Miyoko's Kitchen. "While JMK's track record is impressive, it's their energy, hard work and appreciation for hand-crafted foods that made us want to partner. We weren't just looking for money; we wanted a shared vision for the future and a common goal. They understand and appreciate my big picture vision for the company and long-term mission."
"Miyoko and the Miyoko's Kitchen team have worked very hard to build a formidable brand," says John Kenney, co-founder of JMK Consumer Growth Partners. "We are absolutely thrilled to partner with Miyoko and her very talented team to help fuel the next stage of the growth story."
"We are also extremely proud to be partnering with our third female founder,” adds Sarah Woelfel, co-founder of JMK. “Miyoko's passion for her brand and its mission is admirable and inspiring, and we look forward to building a bright future together."