Consumer Products, Food, Beverage & Agribusiness
Nutpods Raises Series B Growth Equity Raise by CircleUp
Published December 20, 2017
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – CLA Meridian Capital LLC, a Seattle-based middle market corporate finance and M&A advisory firm is excited to announce the successful series B growth equity raise of their client nutpods by CircleUp Growth Partners.
About nutpods
nutpods, established in 2013 by Madeline Haydon with headquarters in Bellevue Washington, is an emerging consumer brand offering a variety of plant-based, dairy-free creamers. After launching nutpods with a Kickstarter campaign in late 2013, nutpods’ 11.2oz cartons came to market in May 2015 on Amazon.com and in Seattle area retailers and has been on an upward growth trajectory ever since. In just two short years, nutpods has become the #1 best-selling alternative creamer on Amazon and is now available in over 2,500 retail locations and five e-commerce sites, including a Canadian e-tailer.
About CircleUp
CircleUp is the investment platform providing capital and resources to innovative, early-stage consumer brands. CircleUp is comprised of internally-managed funds, an investment marketplace and credit division, which are all powered by Helio, its proprietary machine learning platform that evaluates 1.2 million consumer businesses to predict future business success. Founded in 2012, CircleUp is backed by Union Square Ventures, GV, Canaan Partners, QED Advisors, Rose Parks Advisors, and former leaders of Goldman Sachs, Capital One and Stanford Endowment.
“The partnership with CircleUp represents a tremendous opportunity for the Green Grass Foods founders and nutpods brand, positioning the company for continued growth as plant-based and vegan alternatives steadily displace dairy products. We expect the demand for plant-based and vegan foods to continue its rapid growth trajectory and for nutpods to lead the way in the creamer category.”
Michael Barber, Managing Director
CLA Meridian Capital
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About CLA Meridian Capital
CLA Meridian Capital is the investment banking division of CliftonLarsonAllen (CLA) Wealth Advisors, LLC, an SEC registered investment advisor and broker dealer, member FINRA/SIPC. With 30+ years of middle-market M&A and financial advisory experience, $22 billion in total transaction value, and deep industry knowledge across the Consumer, Industrials, and Technology sectors, CLA Meridian Capital helps our clients preserve the value they’ve built and the legacies they leave behind.
