Kate Farms Raises $23M in Series A-1 Funding

kate farms

Kate Farms, a Santa Barbara, Calif.-based provider of plant-based formula prescribed to deliver vital medical nutrition to those most in need, raised $23m in Series A-1 funding.

The round, which brought total raise to date to $48m, was led by a personal investment from David Roux, Co-Founder of Silver Lake, with participation from

  • John Hammergren, former Chairman and CEO of McKesson,
  • Gregg Engles, former Chairman and CEO of WhiteWave Foods,
  • William Loomis, former CEO of Lazard,
  • Kristin Loomis, founder and Executive Director of HHV6 Foundation
  • Carol Ammon, registered nurse and longtime pharmaceutical CEO;
  • Celeste Clark, Ph.D., registered dietitian, former board member of Mead Johnson and former Global Executive Management Team member at Kellogg’s Global Nutrition;
  • Jeff Jacobs, co-founder and former president of Harpo Entertainment;
  • Pete Nicholas, founder and former chairman and CEO of Boston Scientific; and
  • Robert Zollars, former president of Baxter International’s U.S. distribution, former chairman of Diamond Foods and former EVP at Cardinal Health.

The company will use the funds for accelerated growth, additional hiring and continued innovation.

Founded in 2011 and led by Chairman and Chief Executive Officer Brett Matthews, Kate Farms provides plant-based formulas prescribed to deliver vital medical nutrition to those most in need ages. The company serves patients at many of the leading adult and children’s hospitals across the country are widely covered by Medicare, Medicaid and more than 2,000 private insurance plans as well as a growing number of WIC plans and also through Home Care.

Kate Farms also serves people with other medical conditions, who cannot get a prescription, via katefarms.com.

FinSMEs

09/04/2020

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