HAYWARD, CA, Northern California-based company that first gained notice for its ground-breaking line of artisanal nut milk cheeses and yogurts, today announced that it closed $18M round.
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HAYWARD, CA, Kite Hill, the pioneering Northern California-based company that first gained notice for its ground-breaking line of artisanal nut milk cheeses and yogurts, today announced that it closed an $18 million fundraising round with lead investment from 301 INC, General Mills' new business development and venturing unit, and CAVU Venture Partners, a leading consumer growth equity firm. The company intends to use the proceeds from the funding round to expand distribution and increase consumer awareness for the Kite Hill brand and product lines.
'These investments provide additional confirmation that Kite Hill has quickly established itself as the gold standard in great tasting plant-based dairy,' said Matthew Sade, Kite Hill CEO. 'Our products - from cheese to yogurt to entrĂ©es - are quickly becoming the bridge for consumers who want access to better-for-you products without having to trade off great taste. We are excited to partner with General Mills and CAVU to grow our business, innovate new products, and reach the ever-growing number of consumers who are incorporating plant-based foods into their diets.'
By marrying natural ingredients and patented biochemistry with traditional cheese- and dairy-making techniques, Kite Hill is able to offer delicious almond milk alternatives to traditional dairy products. Kite Hill sources the highest-quality, non-GMO almonds sourced locally from California's San Joaquin Valley to make its proprietary almond milk fresh daily. The almond milk then becomes a base for a wide range of products marketed under the Kite Hill brand.
'We're thrilled to partner with Kite Hill to help them expand their remarkable portfolio of plant-based dairy foods,' said John Haugen, Vice President and General Manager of 301 INC. 'What sets Kite Hill apart is its ability to innovate and crack the code on developing great-tasting products that appeal to consumers seeking dairy alternatives.'
'The science behind the products, amazing taste and better for you nutritional profile are incredibly compelling. We look forward to helping Matthew and his team make Kite Hill a household name for consumers seeking a healthier alternative to dairy,' said Clayton Christopher, co-founder and General Partner at CAVU Ventures.
About Kite Hill
Kite Hill creates delicious plant-based alternatives to beloved traditional dairy products. With a proprietary understanding of cultured nut milks founded on a melding of deep culinary and scientific expertise, the company has developed a range of offerings that are not only great tasting, but healthier and more sustainable than their dairy counterparts. The full Kite Hill line is sold through Whole Foods Markets nationwide and is made with non-GMO almonds from California's San Joaquin Valley. The line includes: four unique artisanal delicacies created using traditional cheese-making techniques (Soft Fresh; Soft Fresh Truffle, Dill & Chive; Soft Ripened; and Ricotta); two cultured Cream Cheese Style Spreads (Plain and Chive), and two varieties of fresh ravioli (Spinach & Ricotta and Mushroom & Ricotta); five cultured Yogurts (Plain, Vanilla, Blueberry, Peach, and Strawberry) For more information on Kite Hill, please visit: www.kite-hill.com