PowerPlant Companions rebrands to replicate expanded focus
SAN FRANCISCO — PowerPlant Companions has adopted a brand new title because it plans to broaden its scope of investments past plant-based client meals and beverage manufacturers. Now GroundForce Capital, the agency seeks to again food-related firms addressing points tied to human and planetary well being.
With workplaces within the San Francisco Bay Space and Los Angeles, GroundForce Capital is led by the founders and operators of companies together with Zico Drinks, acquired by the Coca-Cola Co. in 2013, and Well being Warrior, acquired by PepsiCo, Inc. in 2018. Portfolio firms have included Bobbie, Thistle, Past Meat, Thrive Market, Apeel Sciences, Liquid Demise, Miyoko’s Creamery, Vive Natural and Partake Brewing.
“We at all times have and at all times will try to liven up the middle of enterprise and put money into firms constructing a more healthy and extra sustainable future for all,” mentioned co-founder and co-managing accomplice Mark Rampolla. “We helped catalyze the plant-based motion. Now we consider we will convey our expertise, experience, and community to drive change extra broadly.”
The agency closed a $330 million fund final 12 months. GroundForce Development I’ll make investments between $15 million and $50 million in rising and growth-stage firms with gross revenues of $20 million to greater than $100 million. Its expanded focus consists of sectors comparable to agriculture know-how, decarbonization, provide chain, agriculture and low-emission manufacturing and manufacturing.
“With years of expertise, a world-class workforce, and a exceptional collective of founders, CEOs, executives, advisers, and buyers, now we have gained invaluable insights,” mentioned Dan Gluck, co-founder and co-managing accomplice. “I’m thrilled to now share this experience with a wider array of firms, highlighted by ourcurrent funding in Bobbie: a quickly increasing model on the forefront of revolutionizing toddler diet.”
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