Califia Farms, 2015 “Brand of the Year” and “Breakout Brand,” has just received a great deal of money from CapX Partners, a specialty finance company. To be specific, CapX provided Califa Farms with $15 million to fund their growth and expansion. All jargon and business-speak aside, the Los Angeles-based, plant-based food and beverage company procured this investment by becoming an innovative leader in their industry.
This isn’t just hype. Their Califia Cold Brew Coffee with almond milk, for example, outsells Starbucks in the specialty channel and is also the best-selling cold brew in the natural channel. Simply put, their products are doing really well.
BevNet reported on Managing Director at CapX Partners, Richard Bollinger’s confidence in and support of Califia Farms. “CapX enjoys working with strong leaders and growing companies. Califia Farms is a familiar household brand, recognized as a market leader across multiple categories,” he said.
The demand for Califia Farms’ products has grown year-to-year. Demir Vangelov, Chief Financial Officer at Califia Farms, told BevNet about their specific plans with the new money. “In order to meet the growing demand, we needed to build two new production lines, which required a significant investment and has resulted in tripling our output capacity at our Bakersfield plant.”
What this means for all of us is that we may be seeing more and more Califia Farms products in the near future. Which is good news for everybody!
Image credit: Califia Farms