Kate Farms was founded in 2011 when a little girl named Kate Laver was failing to thrive because she couldn't tolerate any of the available tube feeding formulas. Her determined parents, Richard and Michelle, had the transformative idea to develop a better formula using the highest-quality, organic, plant-based ingredients without the synthetic ingredients and common allergens found in traditional formulas. Entrepreneur Brett Matthews met Richard, Michelle and Katie in 2014. Brett knew first hand, due to his own son's medical condition, how plant-based nutrition can help to heal people with medical conditions. Kate Farms is now the #1 Prescribed and Recommended Plant Based Formula in the country. Kate Farms serves patients at many of the leading adult and children's hospitals across the country are widely covered by Medicare, Medicaid and more than 2,000 private insurance plans as well as a growing number of WIC plans and also through Home Care.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 04/09/20 | $23,000,000 | Series A-1 |
David Roux Gregg Engles John Hammergren Kristin Loomis William Loomis | undisclosed |
| 11/12/20 | $51,000,000 | Series B |
Goldman Sachs Kaiser Permanente Ventures | undisclosed |
| 01/26/21 | $9,000,000 | Series B |
Main Street Advisors | undisclosed |
| 09/19/22 | $75,000,000 | Series C |
Goldman Sachs Kaiser Permanente Ventures Main Street Advisors Novo Holdings | undisclosed |
