Plant-based player Califia lands $222m to scale up

Plant-based player Califia lands $222m to scale up

The Qatar Investment Authority (QIA) has completed one of the largest private capital raisings within the natural foods sector after leading a $225 million Series D financing round in plant-based food and beverage company Califia Farms.

Other investors in the financing include Singapore headquartered investment company Temasek, Canada based Claridge, Hong Kong based Green Monday Ventures, and a Latin America based family with significant interests in coffee and consumer products.

The new investor group will take a minority stake in Califia Farms, with representatives from QIA, Temasek, and Claridge joining the Board of Califia, alongside founder Greg Steltenpohl and existing investors Sun Pacific, Stripes and Ambrosia.

The funding round will help Califia Farms build on the success of its oat platform and launch other lines. Proceeds will also allow it to further invest in increased production capacity, substantial R&D, deeper US penetration, and continued global expansion.

“Speed to market is critical for companies at our stage and we are thrilled that our new partners share our vision to be the leading independent brand in the plant-based sector,” said Greg Steltenpohl, founder and CEO.