4th & Heart, a Marina del Rey, CA-based provider of ghee butter products, received an investment from Aterian, Inc. (Nasdaq: ATER).
The company invested approximately $0.2m in cash and approximately 145,000 shares of Aterian common stock. No other terms of the transaction were disclosed.
Commenting on the news, Max Dichter, CEO of 4th & Heart, said: “The partnership with Aterian will fuel the growth we’re seeing at 4th & Heart in both current and emerging markets. Like Aterian’s other products, 4th & Heart pushes boundaries, and we’re excited to unlock future potential together.”
4th & Heart is a maker of Ayurvedic staple, ghee butter providing a variety of kitchen essentials including flavored spreads and oils. Its products are placed nationwide in over 12,000 stores including: Whole Foods, Kroger, Albertsons, Publix, Wegmans, and Walmart, as well as on Amazon.com in the U.S.
FinSMEs
08/03/2024