Hippeas, a Los Angeles, CA-based provider of natural snack brands, raised $10m in funding.
Cavu Venture Partners made the investment. In conjunction with the funding, Cavu’s co-founder and managing partner, Brett Thomas, will join Hippeas’s board of directors.
The company will use the funds to scale expansion.
Led by CEO and co-founder Livio Bisterzo, Hippeas is a maker of organic chickpea snack which are low-calorie, certified organic, certified gluten-free, vegan, kosher and non-GMO, and have three grams of fiber and four grams of protein per single serving.
Launched only a year ago, the brand can already be found at 100,000 points of sale and is currently sold in retailers such as Starbucks, Whole Foods, Wegmans, Kroger, Albertsons, Safeway, Boots, Waitrose, Tesco, Sainsbury’s, Amazon.com and Thrive Market.
Backers in the company also included Leonardo DiCaprio and Strand Equity Partners.