LOS ANGELES — Hippeas, a brand of organic chickpea puffs, has received a $10 million investment from CAVU Venture Partners. Brett Thomas, co-founder and managing partner of CAVU, will join Hippeas’ board of directors.
With 3 grams of fiber and 4 grams of protein per single serving, Hippeas are gluten-free, vegan, kosher and non-G.M.O. Products are sold in more than 100,000 retail outlets in the United States and the United Kingdom, including Starbucks, Whole Foods, Wegmans, Kroger and Safeway.
|Brett Thomas, co-founder and managing partner of CAVU Venture Partners
“Hippeas is redefining plant-based snacking with their tasty organic chickpea puffs and unique branding,” Mr. Thomas said. “Their product reflects the desires of today’s consumer — to eat delicious, convenient snacks that are healthy and have a positive social impact. We could not be more excited to partner with Livio, Joe and the rest of the talented team to make Hippeas a household name.”
The brand earlier this year received investment from Leonardo DiCaprio and Strand Equity Partners. The latest financing will help Hippeas continue its strong growth trajectory. The company expects to triple its 2017 revenue in 2018.
|Livio Bisterzo, c.e.o. and co-founder of Hippeas
“This is a big milestone for our company,” said Livio Bisterzo, chief executive officer and co-founder of Hippeas. “I’m thrilled to partner with CAVU given their strong track record in working with entrepreneurs to build iconic brands. Hippeas brings something truly innovative to snacking, which is why the velocity of our growth has been so incredible. Our partnership with CAVU will help us further accelerate that growth so that we become the leading global nutrient-dense snack brand.”CAVU Venture Partners is an investment firm co-founded by three food and beverage industry veterans with a focus on better-for-you consumer brands. The firm’s investment portfolio includes Bai, Chef’s Cut Real Jerky, Health-Ade Kombucha, Kite Hill, Bulletproof, Wtrmln Wtr and Good Culture.