Berkeley-based Foodtech Startup Raises $20 million for Expansion
Berkeley-based startup Once Upon a Farm has reportedly raised funds amounting to $20 million in Series B financing round. The funding round was led by CAVU Venture Partners.
The company plans to use the funds to expand its direct to consumer business, partner with more U.S. grocers and build out a wider assortment of baby products.
Following the deal, CAVU’s co-founder and managing partner Brett Thomas, along with CAVU investor Jared Jacobs, will join the company’s board.
Founded in 2015, the startup sells organic, cold-pressed baby food in 8,500 grocery stores in the U.S. It was founded by serial entrepreneurs Cassandra Curtis and Ari Raz. The company also mentions actress Jennifer Garner and former General Mills president John Foraker as its co-founders.
Foraker had been an a...