US-based artisanal nut milk cheeses and yoghurt Kite Hill has closed an US$18 million fundraising round with lead investment from 301 INC, General Mills’ new business development and venturing unit, and CAVU Venture Partners, a 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.
“Our products – from cheese to yogurt to entrées – are quickly becoming the bridge for consumers who want access to better-for-you products without having to trade off great taste,” said CEO Matthew Sade.
“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.”
The company offers almond milk alternatives to traditional dairy products by marrying natural ingredients and patented biochemistry with traditional cheese- and dairy-making techniques.
It source non-GMO almonds 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.