SANTA BARBARA, CA, Kate Farms announced today that Main Street Advisors has joined Goldman Sachs and Kaiser Permanente Ventures in Kate Farms' Series B funding round.
Kate Farms, the market leader bringing plant-based nutrition into healthcare, announced today that Main Street Advisors has joined Goldman Sachs and Kaiser Permanente Ventures in Kate Farms' Series B funding round, bringing the final raise to $60 million.
Kate Farms was founded in 2011 by parents determined to save their daughter's life after a diagnosis of failure to thrive, and is now the #1 recommended plant-based formula. Used for tube and oral feeding, Kate Farms is eligible for insurance coverage by Medicare, Medicaid and more than 2,000 private insurance plans and a growing number of WIC1programs. Kate Farms formulas are on formulary with many leading children's and adult hospital systems across the country and are available to more than 95% of U.S. hospitals. Free of common allergens and clinically proven, Kate Farms formulas and nutrition shakes are made of easily digested organic pea protein, prebiotic soluble fiber from organic agave inulin and a clinically effective phytonutrient blend that provides antioxidants. Kate Farms flows easily through a feeding tube and is also used orally because of its great taste.
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