Beanfields, a Los Angeles-based chips brand, closed a Series B financing round of undisclosed amount.
The round was led by PowerPlant Ventures with participation from NRV and Western Technology Investment.
The company intends to use the funds to launch their new innovation items, deepen revenue in the existing SKUs, build team infrastructure, and increase operation runs.
Founded in 2010 and led by CEO Arnulfo Ventura, Beanfields delivers chips that are vegan, certified gluten-free, Non-GMO Project Verified and Kosher, packing four grams of protein and four grams of fiber per serving.
The company has had a 12 consecutive months of year-over-year (YOY) sales growth which included eight consecutive record-breaking sales weeks in the latter part of 2018 following Ventura’s arrival.