PowerPlant Partners Closes $330 Million Fund to Back Next Generation Companies
The firm is also expanding a vision to invest in consumer technology, service and enablement companies that put human and planetary life at the center of business
PowerPlant Partners, known predominately for backing leading plant-based consumer food and beverage brands, announced the final closing of its third fund, PowerPlant Ventures III L.P. (PPV Fund III), at $330 million. PPV Fund III will continue to invest in consumer-facing brands that are better for people and the planet and will focus solely on growth stage companies. PPV Fund III will invest between $15 million and $40 million in target companies as active, primarily minority, investors.
Additionally, PowerPlant Partners announced it is expanding its strategic vision beyond food and beverage plant-centric products to include consumer technology, service and enablement companies that put human and planetary life at the center of business. This shift will enable the firm to grow its proven platform in the consumer-wellness space and offer a more integrated network for its portfolio companies and partners.