Big Idea Ventures Portfolio Company Uproot Inc. Acquired by Leading Plant-Based Beverage Brand Califia Farms
2024年8月2日 - 9:13PM
Big Idea Ventures, a global investment leader within the food-tech,
agri-tech, and materials science sectors, is happy to announce that
its portfolio company Uproot Inc. was acquired by leading, premium,
plant-based beverage brand Califia Farms LLC.
Uproot Inc.’s dispensing system provides a convenient and
sustainable solution for delivering healthy and delicious
plant-based milks to health-conscious consumers. Big Idea Ventures
was the company’s first investor and the Uproot team took part in
the Big Idea Ventures’ New Protein Fund I accelerator program back
in 2020.
“Since they began, the Uproot team has been absolutely focused
on providing a range of products which add significant
sustainability gains to the food services category and Universities
in particular. We believe the Uproot team will be a great addition
to Califia Farms,” said Big Idea Ventures’ founder and Managing
General Partner Andrew D.Ive.
The Uproot team, including the two founders, will be joining the
Califia team. Through the acquisition, Califia will expand its
portfolio of products and services. Uproot operates over 150
dispensers at leading college and university campuses across the
U.S. and other dining locations.
"Jacob and I founded Uproot to bring great plant-based milks to
college dining and other food services. We are excited to continue
this mission with Califia Farms because they share our commitment
to nutrition and sustainability," said Kevin Eve, founder of
Uproot. "Together with Califia Farms, we will be able to offer more
delightful, dispensed plant-based products and better serve our
customers!"
Uproot's acquisition marks the Big Idea Ventures New Protein
Fund I's fifth exit, underscoring our commitment to fostering
groundbreaking innovations in the food industry. This achievement
not only highlights the potential for future successes but also
sets a precedent for the transformative impact the firm aims to
continue with its second fund, the Global Food Innovation Fund II.
For those interested in learning more about the firm’s mission to
revolutionize the global food landscape and explore investment
opportunities, please visit our website or contact our team for
further information.
About Big Idea VenturesBig Idea Ventures is a
global investment leader within the food-tech, agri-tech, and
materials science sectors. We specialize in investing in the most
innovative and sustainable technology companies worldwide. We
combine capital and partnerships to drive economic growth and build
new food ecosystems. By creating and supporting trailblazing
companies we aim to reduce the climate impact of food production
and sustainably feed the world. Big Idea Ventures has teams in New
York, Paris and Singapore and has invested in more than 110
companies across 30 countries.
Press contact: Olivia Chavassieu, news@bigideaventures.com
About UprootUproot's mission is to bring
sustainable, nutritious plant-based milk to college dining and
other food services. Uproot launched a plant-based milk dispenser
program in 2022 and now operates over 150 dispensers at colleges,
k-12 schools and hospitals across the country. The Uproot dispenser
program serves oatmilk, soymilk, and chocolate peamilk to meet the
growing demand for plant-based milk. Uproot is headquartered in New
York City and was founded by Kevin Eve and Jacob Conway.