Vive Organic closes $7M Series A round to expand distribution
This investment will allow Vive Organic to continue its rapid growth and expand distribution nationwide in both natural and conventional grocery stores and other retailers.
Vive Organic, Venice, Calif., closed a $7 million Series A funding round led by Los Angeles-based Powerplant Ventures. Blueberry Ventures, San Francisco, and individual investors such as Bill Moses, co-founder of KeVita, Oxnard, Calif., and Chris Hunter, chief executive officer of Koia, Los Angeles, also participated in the round.
This investment will allow Vive Organic to continue its rapid growth and expand distribution nationwide in both natural and conventional grocery stores and other retailers. The company also plans to use the funds to further build world-class operations, finance and marketing teams.
“The market for plant-powered, functional wellness shots is poised for exponential growth,” says Wyatt Taubman, co-founder and CEO. “This investment round allows us to acquire the talent we need to grow our distribution channels and to continue to lead in this exciting new category.”