Kate Farms, a Santa Barbara, CA-based company that brings plant-based nutrition into healthcare, raised $75M in Series C funding.
The round was led by Novo Holdings, with participation from Kaiser Permanente Ventures, Goldman Sachs Asset Management, and Main Street Advisors.
The company intends to use the funds to accelerate innovation in its current product portfolio, develop new products and enter new channels.
Led by CEO Brett Matthews and co-founder Richard Laver, Kate Farms produces plant-based organic and clinically demonstrated formulas for tube and oral feeding to help nourish those with chronic illnesses and acute conditions. The company offers medical formulas made for tolerance with easily digested organic pea protein, fiber and phytonutrients, and without common allergens, artificial sweeteners or flavors. The products can be accessed in more than 800 U.S. hospitals, including the top children’s hospitals.
FinSMEs
20/09/2022
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