Aloha, a Littleton, CO-based B Corp and Climate Neutral Certified plant-based protein brand, received $68M in secondary investment from Semcap Food & Nutrition.
The secondary capital bought out early angel investors and enabled Semcap to take a minority stake in Aloha.
The company intends to use the funds to expand operations and development efforts.
Founded in 2020 by Buck Buckley and Cyrus Vandrevala, Aloha is an employee-owned and operated company offering plant-based products which are high in protein, and low in sugar. As a certified B Corporation® and Climate Neutral Certified brand, the company sells its products at grocery stores nationwide, including Whole Foods Market, Sprouts, Wegmans, Harris Teeter, HEB, Kroger, Albertsons, Publix, Stop & Shop, Natural Grocers, Central Market, and more.
Brad Charron, Aloha’s “Re-Founder” since late 2017, will retain his role as Chairman and CEO. The company also added Semcap’s John Haugen and Ryan Newcom to the Board of Directors, along with Paul Kenny, a seasoned sales executive with more than 30 years of experience.
FinSMEs
27/03/2024