ByHeart Raises $90M in Series B Financing


ByHeart, a NYC-based baby nutrition company, secured $90M in series B funding.

The round was led by D1 Capital Partners with participation from OCV Partners, Polaris Partners, Bellco Capital, Two River and Red Sea Ventures – all of whom also invested in ByHeart’s Series A – as well as new investment from AF Ventures, and Gaingels.

The company intends to use the funds to launch its first formula, as well as to advance its innovation pipeline of mom and baby products.

Founded in 2016 by Ron Belldegrun and Mia Funt, ByHeart is advancing an infant formula recipe that incorporates modern advancements in baby nutrition.

The company, which has manufacturing facilities in Pennsylvania, recently launched Cluster, a new digital platform offering access to resources and education to support parents in their feeding decisions from pregnancy through toddlerdom.