Powerplant Ventures Closes $42MM Fund, Set to Leverage the Power of Plants

VC Fund Seeks to Re-Architect Food System by Supporting Emerging
Plant-Centric Companies

LOS ANGELES–(BUSINESS WIRE)–Powerplant Ventures announced today the closing of a $42 million
fund aimed at contributing to improving the global food system by
investing in emerging plant-centric companies. The fund’s goal is to
leverage the power of plants to support the next wave of better-for-you
food companies and brands.

“We’re reforming the multi-trillion-dollar global food industry by
funding the plant-based food companies that are changing the world by
providing better nutrition delivered in more sustainable and ethical
ways,” said Mark Rampolla, Co-Founder of Powerplant Ventures. “We
will impact the future by deploying capital in meaningful opportunities
with new category leaders and food disruptors.”

The founding partners of Powerplant Ventures combine more than 80
years of experience in venture capital, CPG, and plant-based foods. The
team includes Mark Rampolla, Founder of ZICO Coconut Water, which
changed the better-for-you beverage industry and was acquired by The
Coca-Cola Company in 2013; Kevin Boylan and T.K. Pillan, Co-Founders of
Veggie Grill, the largest vegetarian restaurant chain in the United
States; and Dan Beldy, former Managing Director of Steamboat Ventures,
Disney’s venture capital arm. These combined networks and operating
experiences in plant-based innovation, natural foods distribution and
venture funding provide Powerplant Ventures with the unique
ability to identify, attract, and advance a portfolio of emerging
companies across the intersection of both food and technology.

The new fund will capitalize on the massive shift in the way the planet
grows, processes, distributes, and consumes food. Thinking beyond the
bottom line, Powerplant Ventures aims to partner with
entrepreneurs who use their business to make a positive impact and make
plant-based products more convenient and enjoyable for consumers. With
the fund closing, the team will play an integral role in the strategy,
branding, team building, and operations for tomorrow’s leaders in the
food and beverage industry. Powerplant Ventures’ current
portfolio includes innovative better-for-you brands such as Hail Merry,
REBBL, Thrive Market, Terravia, Hampton Creek, Treasure8, and Juicero.

About Powerplant Ventures

Founded in 2015, Powerplant Ventures is a venture fund that
supports world-changing, plant-centric companies that deliver better
nutrition in more sustainable and ethical ways. With deep networks and
operating experience in plant-based innovation, natural foods
distribution and venture investing, Powerplant Ventures is
equipped with the unique ability to identify, attract and advance a
portfolio of emerging companies across the intersection of food and
technology. The fund looks beyond the bottom line to work with companies
that are focused on impacting the global food system with transparency
and sustainability. For more information about Powerplant Ventures,
please visit www.powerplantvc.com.

Contacts

Powerplant Ventures
Rebecca Campbell, 213-988-8344
rcampbell@konnect-pr.com