Frozen Food Manufacturer Cappello's Closes Series B Funding Round
Cappello's, the makers of frozen-fresh, simple, real-ingredient foods, announced the closing of a significant funding round led by Alliance Consumer Growth ("ACG"), a prominent consumer- and retail-focused growth equity firm that has made significant contributions to the food and beverage world with investments in popular brands such as KRAVE Jerky, BarkTHINS, EVOL Foods, Blaze Pizza and Shake Shack. Finn Capital Partners, a group that supports businesses in high-growth consumer products categories and has helped fund better-for-you food brands including Olipop, Barnana, Pressed Juicery and more, also participated in the round.
Cappello's has been at the head of clean-ingredient innovation for nearly ten years. Using the power of the almond, the team has changed the idea of what traditional pasta, pizza and cookie dough could look like by taking grains out of the equation. Co-Founders and co-CEOs Ben Frohlichstein and Stacey Marcellus focused on real-food ingredients and turned traditional comfort foods into nutritionally relevant, lower carb, higher protein creations that could be enjoyed by everyone. Cappello's has found enormous success in the frozen aisle, launching into 30% more storefronts in 2020 than in 2019 with their biggest retail partners being in the Natural Channels.