The amount of the deal was not disclosed.
The company intends to use the funds to continued growth.
Co-founded in 2009 by co-CEOs Amanda Klane and Drew Harrington, Yasso is a Greek frozen yogurt brand featuring stick bars, sandwiches, and newly announced pints that have 80 to 150 calories and 5-6g of protein per serving. The company distributes products nationwide through conventional grocery stores, as well as the natural, club and mass channels.
Castanea Partners is a middle-market, consumer-focused private equity firm founded by operating executives and private equity professionals. They partner with small and mid-sized consumer product and services brands, including companies in lifestyle apparel and accessories, beauty and personal care, food and beverage, and outdoor and leisure. The firm typically invests between $15 to $150m of equity funding.
Castanea has approximately $1 billion under management and is currently investing from a $600 million fourth fund.