Bare Fruit LLC, a Walnut, California-based provider of healthy snacks, including Bare Fruit Apple Chips, has raised US$9.25 million in a financing round led by U.S. venture capital firm NGEN Partners. Co-investing in the deal was Canadian venture capital firm Avrio Capital, as well as Silas Capital. Investment proceeds will be used for to expand the company’s capacity, add to its management team and fund working capital.
PRESS RELEASE
Bare Snacks Closes $9.25 Million Financing
NGEN Leads Financing to Accelerate Growth of Healthy Snack Food Company
Tuesday, 23 Jul 2013
SAN FRANCISCO–(BUSINESS WIRE)– Bare Snacks®, one of the fastest growing healthy snack brands in the U.S., announces the closing of $9.25 million in equity financing. The money will be used to accelerate growth by expanding capacity, adding to the management team, building the brand, and funding working capital.
NGEN Partners led the round, with Avrio Capital and Silas Capital co-investing.
“We are excited to have three experienced partners helping us accomplish our mission: to provide guilt-free snacks to those who care about their health and what they eat, without compromising taste or satisfaction,” said Brad Oberwager, Bare Snacks’ CEO.
“The demand for healthy snacks is a megatrend and we believe that Bare Snacks provides consumers with delicious, good-for-you products,” said Rosemary Ripley, Managing Director of NGEN. “We are excited by the potential for the brand to play a leadership role in this growing category.”
About Bare Snacks®:
Bare Snacks, maker of 100% Natural and Organic Bare Fruit® Apple Chips and Fruit Snacks, is leading a healthy snacks revolution by creating simple, tasty and wholesome snacks to keep people healthy and happy. Bare Snacks products are made from 100% real fruit, are baked never fried, and use only high quality ingredients as close to nature as possible.
Bare Snacks and its top selling line of Bare Fruit Apple Chips are available at Whole Foods, Safeway, Publix, Wegman’s, Costco, Amazon.com, and many local independent grocery stores.
We bare more of our story at baresnacks.com and facebook.com/baresnacks. For more information, please contact Cris Genovese: cris@baresnacks.com, 415-279-2747.
Bare Snacks
Cris Genovese, 415-279-2747
VP Marketing
cris@baresnacks.com
Photo courtesy of Shutterstock.
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