Kite Hill, a Hayward, Northern California-based company that makes a line of artisanal nut milk cheeses and yogurts, closed an $18m funding round.
The round was led by 301 INC, General Mills’ new business development and venturing unit, and Cavu Venture Partners, a consumer growth equity firm.
The company intends to use the proceeds to expand distribution and increase consumer awareness for the Kite Hill brand and product lines.
Led by Matthew Sade, CEO, Kite Hill Kite Hill creates plant-based nut milk cheeses and yogurts made with non-GMO almonds from California’s San Joaquin Valley.
The line, sold through Whole Foods Markets nationwide, includes:
– four artisanal delicacies created using traditional cheese-making techniques (Soft Fresh; Soft Fresh Truffle, Dill & Chive; Soft Ripened; and Ricotta);
– two cultured Cream Cheese Style Spreads (Plain and Chive);
– two varieties of fresh ravioli (Spinach & Ricotta and Mushroom & Ricotta); and
– five cultured Yogurts (Plain, Vanilla, Blueberry, Peach, and Strawberry).
FinSMEs
20/05/2016