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Califia Farms Completes Landmark $225 Million Financing with Diverse Group of Global Investors. Califia​. Topics covered: manufacturing, packaging, new products, R&D, and much more. ChickP, a food tech startup based in Israel, recently, Overall, the plant-based segment has seen, By signing up to receive our newsletter, you agree to our. ... Califia Farms… Vegan brand Califia Farms—known for its plant-based milk products—recently secured a $225 million investment from a diverse group of global investors, including Qatar Investment Authority, Singapore’s Temasek (a government-owned firm), Canada’s Claridge, and Hong Kong’s Green Monday Ventures. 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. We’re happy that you’re looking for Califia! Twitter. There are 4 companies in the Califia Farms, LLC corporate family. From Canada to Singapore, investors in this latest round could bring expertise and resources to the California-based company that other plant-based brands don't have access to. Last year, QIA's CEO told Reuters that the firm aimed to put $45 billion toward U.S. investments​, especially in real estate and technology. Califia Farms Raises $225M for Global Expansion. Califia Farms Krissa Welshans | Jan 21, 2020 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. Cow milk sales dropped to about $12 billion in 2019 from $15 billion in 2015, and at the same time, almond milk sales have jumped roughly 6% to $1.35 billion and oat milk a massive 662% to $59.8 million in 2019, according to Nielsen data cited by Reuters. Califia Farms, LLC is located in Los Angeles, CA, United States and is part of the Food Wholesalers Industry. Califia raised $115 million total funding before this latest round, according to Crunchbase. Califia Farms' almonds are grown in orchards and processed within a 20-mile (32-km) radius of its primary bottling facility in Bakersfield, California. What Should Retailers & Brands Consider When Planning for 2021? Securing funders around the world and adding those representatives to its board could be beneficial for Califia as it looks to grow shelf space and brand awareness globally. Discover announcements from companies in your industry. U.S. sales of oat milk have jumped to $29 million, up from $4.4 million in 2017, according to Marketplace. Eco‑friendly strategies to veganize every room in your home, Vegan‑approved treats and more for your four‑footed friends, Helping you bring even more green to your garden, All the buzz from Hollywood’s compassionate set, Rev up, work out, and get inspired the plant‑powered way, Meet the creative forces cooking up today’s tastiest vegan eats, Meet the innovators shaking things up, from food‑tech to high‑tech, Meet the movers and shakers bringing the veg lifestyle into the mainstream, From near‑death to peak health, these individuals found their cures in plants. Califia Farms, LLC has 16 employees at this location. Other investors include Singapore investment company Temasek, Canada-based Claridge, Hong Kong-based Green Monday Ventures and a Latin America-based family. filled with everything you need to know to Here comes the (vegan) bride and groom! 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.. Demand for plant-based beverages is exploding … Living the plant‑based life has never been so easy, affordable, and delicious! In 2018, Califia raised $50 million in capital—including an undisclosed amount from actor Leonardo DiCaprio—to expand the production capacity of its vegan cold-brew coffee beverages, yogurts, creamers, and milks. We’re happy that you’re looking for Califia! That reasoning is backed by data. Press release from Ajinomoto Health & Nutrition North America Inc. • Greg Steltenpohl, Califia's founder and CEO, said in the release announcing the funding that "speed to market is critical for companies at our stage.". You can find Califia Farms products in many stores, but we recommend calling ahead to see if it's in stock. Yes, absolutely, and duh. Although Califia Farms is the third biggest U.S. plant-based milk company following Danone and Blue Diamond, according to Euromonitor, it faces increasing competition. The free newsletter covering the top industry headlines. of the hot-off-the-press Califia Farms today announced the launch of Califia Nitro Cold Brew, the first completely dairy-free, nitro-infused cold brew coffee latte. We INFORM. There are 4 companies in the Califia Farms, LLC corporate family. Follow This latest funding round will help Los Angeles-based Califia Farms build on the success of its oat platform and launch other lines. VegNews Guide to Being a Fabulous Vegan — Order your copy “The more than $1 trillion global dairy and ready-to-drink coffee industry is ripe for continued disruption with individuals all over the world seeking to transform their health and wellness through the adoption of minimally processed and nutrient rich foods that are better for both the planet and the animals,” Califia Founder and CEO Greg Steltenpohl said. Want to share a company announcement with your peers? May 17 – May 20, 2021, By the numbers: Examining the cost of the pandemic on the meat industry, 'It's our Super Bowl': How food manufacturers are preparing for an unorthodox holiday season, 2020's 10 biggest M&A deals in the food and beverage industry, FDA approves GMO pork, but there's no determination if it's safe for those with allergies to eat, PepsiCo remains 'exclusive distributor' of Bang Energy drinks, arbitrator rules, Optimizing Food & Beverage Plant Manufacturing During a Time of Disruption. Farnell offers fast quotes, same day dispatch, fast delivery, wide inventory, datasheets & technical support. Two of the biggest dairy producers in the U.S., Dean Foods and Borden Dairy, have filed for bankruptcy in the last two months. Cross check prices on Amazon, Ebay, Chmelaeon for the best prices!! Many big companies have already introduced yogurts, drinks, coffee and ice cream featuring the oat beverage, including, . Vegan, Up‑to‑the‑minute news on all‑things plant‑based, Gadgets, apps, and the latest tech for better veg living, Your destination for eco‑conscious, planet‑friendly news, The latest in animal‑friendly legislation, initiatives, and politicians, Books, blogs, and apps—VegNews reviews them all for your enjoyment, The latest plant‑based studies, wellness trends, and prevention news, Experts weigh in on the hot topics of the day, From clean meat to ice cream, we bring you today’s top vegan trends. Over the last eight months, some of the largest companies have spent millions to deal with the coronavirus and seen thousands of workers get infected, while meat supply and pricing fluctuate. Califia Farms, the recognisable Los Angeles plant milk brand which received over $50M in investment from celebrities including Leonardo DiCaprio in 2018, today announces it has completed a $225 million Series D financing led by the Qatar Investment Authority (QIA), with participation from others including David Yeung‘s Green Monday Ventures. Califia said this funding round will help it continue to build its oat platform and launch new lines. Let’s get FABULOUS! Made with oats and pea protein, this new dairy-free milk boasts eight grams of protein per serving and is available in three flavors: unsweetened, unsweetened vanilla, and chocolate. Califia will continue to expand its oat alternatives with this money, which is particularly popular in the space. The pandemic has upended how consumers plan to celebrate, prompting CPG companies to reduce product sizes, tout offerings for novice cooks and shift more resources online. Lillianna Byington Attorneys weigh in: What legal issues should food & beverage companies watch in 2021? Read full article. real estate and technology. But QIA is shifting its strategy a bit, betting that plant-based will could be lucrative. Califia will use the funding to expand its oat-based line, develop new products, increase production capacity, and expand its geographical footprint. Straight up, spiked, and with coffee? You can find Califia Farms products in many stores, but we recommend calling ahead to see if it's in stock. The money will also allow the company to further invest in production capacity, R&D, U.S. penetration and global expansion. An Innova Market Insights report on top trends for 2020 predicted that the plant-based dairy category will diversify as consumer interest continues to grow.​ ​. New innovations and investments are making the space even more crowded. Califia Farms, which already has a portfolio of beverages made from almonds, coconuts and cashews, as well as a lineup of cold-brew coffee products and plant-based coffee creamers, is planning to capitalize on the expected growth of the alternative market by using these funds to launch new products. We’re Califia Farms (Califia, pronounced like California), the plant-powered food and beverage company of the future. Buy Califia products. Califia Farms, the leading nutmilk brand in the natural channel in the US, today announced that its popular almond beverages and cold brew coffees are now available in supermarkets across Canada. The investor push into plant-based dairy comes as traditional cow milk consumption is declining. In the past, Califia has successfully used additional investments to grow its portfolio. In terms of packaging, the company aims to halve its use of virgin plastic by the end of 2020. Overall, the plant-based segment has seen a surge of funding in recent years that has been driving industry M&A, according to a report from Deloitte. Many big companies have already introduced yogurts, drinks, coffee and ice cream featuring the oat beverage, including Nesquik, Chobani and Danone. According to a report by BIS Research, the plant-based food and beverage alternatives market is anticipated to reach $80.43 billion by 2024, increasing at an annual rate of 13.82%. ChickP, a food tech startup based in Israel, recently launched a line of chickpea isolates designed for plant-based dairy alternatives and Mooala, a Dallas-based banana milk maker, raised $8.3 million in November. Cold Brew Coffees Market to Reach USD 1.19 Billion by 2024, Califia Farms, Heartland Food Products Group, and HighBrewCoffee Emerge as Key Contributors to Growth | Technavio. We INSPIRE. Subscribe to Food Dive to get the must-read news & insights in your inbox. Califia Farms Item Package Quantity 1 Form Cold_beverage Manufacturer Califia Farms Manufacturer reference 12345UK Units 192 Fl Oz Package Dimensions 23.39 x 22.1 x 16.21 cm; 5.44 Kilograms Ingredients Oatmilk (Water, Oats), Sunflower Oil, Minerals (Dipotassium Phosphate, Calcium Carbonate, Tricalcium Phosphate), Sea Salt Califia's biggest investor, Qatar Investment Authority, could especially help the company expand its reach since it has holdings around the world. D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like Califia Farms, LLC around the world, including contacts, financials, and … That year, the company introduced non-dairy drinkable yogurts with added probiotics. Califia Farms Almondmilk Can't quit the cow stuff? Singapore markets closed. With new international investors and a massive funding round, it seems like Califia Farms is looking to become a global plant-based powerhouse. Califia Farms is well-known for its delicious almond milk and creamers.Now the company is jumping on the oat-milk bandwagon with a new product line: Übermilk. We EMPOWER. And last year, Califia launched a line of protein-enriched oat beverages called Ubermilk. But QIA is shifting its strategy a bit, betting that plant-based will could be lucrative. on Founded by serial entrepreneur Sonalie Figueiras in 2011, Green Queen is an award-winning sustainability & impact media platform advocating for social & environmental change in Asia. Our mission is to shift consumer behaviour through our … "The total change in dietary habits of the U.S. consumer is what is driving the decline in dairy," Steltenpohl told Reuters. Plant-based beverage company Califia Farms has secured $225 million in Series D financing led by the Qatar Investment Authority (QIA), in a move to accelerate growth of its brand. Califia Farms, an independently owned plant-based food and beverage company, has completed one of the largest private capital raisings within the natural foods sector, through a $225 million Series D financing led by the Qatar Investment Authority.. Other investors include Singapore investment company Temasek, Canada-based Claridge, Hong Kong-based Green Monday Ventures and a Latin America-based family. live a super-fabulous vegan life We have the stories, the menus, and the incredible cakes! Fashion‑forward footwear for the ultimate in ethical style, Stylish ideas for carrying your ethics wherever you go, Beads, baubles, and bling with ethical cred, Editor‑approved clean, green, and cruelty‑free cosmetics, Sourcing the best vegan products for all your skincare needs, Insights and advice to boost your nutrition know‑how, Complement your plant‑based diet with the latest wellness info, Reach your exercise and fitness goals the vegan way, Need professional vegan advice? All-things vegan,in your mailbox and inbox, Never miss out on exclusive stories, recipes, and giveaways, Copyright © 2020 Fresh Healthy Media, LLC. As traditional dairy struggles, this funding could give Califia the capital and global resources to bring more disruption and take a bigger share of the market. How COVID-19 is Testing and Strengthening Food Industry Supply Chains, Crisp Announces the First Programmatic Commerce Platform for Food Brands and Retailers, New Ajinomoto Campaign Challenges Assumptions About Monosodium Glutamate (MSG), Yogurt Maker Chobani Recruits New CFO as It Continues to Expand. 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.. Demand for plant-based beverages is exploding worldwide as consumers seek healthier, great-tasting dairy alternatives. The new funding group will take a minority stake in Califia Farms, with representatives from QIA, Temasek and Claridge joining the company's board. Straits Times Index. LOS ANGELES, U.S. – Califia Farms, a leading independently owned plant-based food and beverage company founded by natural product visionary Greg Steltenpohl, announces it has completed one of the largest private capital raisings within the natural foods sector, through a $225 million Series D financing led by the Qatar Investment Authority (QIA). Plant-based is the hottest trend in food today, and many companies are getting into the space as consumers become more interested in the health halo the products provide. (including our all-time favorite recipes)! In terms of packaging, the company aims to halve its use of virgin plastic by the end of 2020. ... 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. For those more interested in the milk than the almond, Califia is the most reminiscent of the dairy version. Califia Farms' almonds are grown in orchards and processed within a 20-mile (32-km) radius of its primary bottling facility in Bakersfield, California. The truth is, the Califia Farms version works everywhere your regular, degular eggnog would, checking all the festive boxes with ease. Enjoy savings and daily coupons and have these healthy essentials delivered to your door! Califia Farms, LLC has 150 total employees across all of its locations and generates $100.00 million in sales (USD). New innovations and investments are making the space even more crowded. Shop vitamins, nutritional supplements, organic food and other health products online at Vitacost.com. Vegan brand Califia Farms—known for its plant-based milk products—recently secured a $225 million investment from a diverse group of global investors, including Qatar Investment Authority, Singapore’s Temasek (a government-owned firm), Canada’s Claridge, and Hong Kong’s Green Monday Ventures. Original Article: Cision Pr Newswire Funding Provides Califia Farms, a leading plant-based food and beverage company, with long-term capital and global support for continued rapid expansion, and disruption of the $1 trillion+ dairy and ready-to-drink coffee markets LOS ANGELES, Jan. 15, 2020 /PRNewswire/ — Califia Farms®, a leading independently owned plant-based food and beverage … Check out today's hottest plant‑based positions for your next career move! 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