USA – PowerPlant Partners, an investment firm backing plant-based consumer food and beverage brands, closed its third fund, PowerPlant Ventures III L.P., at $330m.
PPV Fund III will continue to invest in consumer-facing brands that are better for people and the planet and will focus solely on growth stage companies. The vehicle will invest between $15 million and $40 million in target companies as active, primarily minority, investors.Additionally, PowerPlant Partners announced it is expanding its strategic vision beyond food and beverage plant-centric products to include consumer technology, service and enablement companies that put human and planetary life at the center of business. This shift will enable the firm to grow its proven platform in the consumer-wellness space and offer a more integrated network for its portfolio companies and partners.PPV Fund III has already made four investments in health and sustainable consumer food and beverage companies including Miyoko’s Creamery, Liquid Death, Partake Brewing and SYSTM Foods. Led Dan Gluck, Co-Managing Partner of PowerPlant PartnersMark Rampolla, Co-Founder and Co-Managing PartnerPowerPlant Partners has offices in the San Francisco Bay Area and Los Angeles. 11/09/2022
