Califia Farms secures more than $50M in funding to expand manufacturing capacity
Califia Farms plans to expand its company-owned manufacturing capacity in Bakersfield, Calif., and further develop its go-to-market capabilities.
Califia Farms, Los Angeles, closed a $50 million round of funding led by Ambrosia Investments, Luxembourg, and existing investors, Sun Pacific Corp., Pasadena, Calif., and Stripes Group, New York.
“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,” says Greg Steltenpohl, co-founder and CEO. “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.”