Nutriati, a Virginia-based developer and manufacturer of plant-based ingredients, including protein, flour, and oil, has completed a $12.7 million series C funding round led by Manna Tree Partners, a Colorado-based asset manager that invests growth capital in companies that produce, process, and distribute healthy food.
Manna Tree was joined by Open Prairie, an existing investor in Nutriati, through its Open Prairie Rural Opportunities Fund, a growth-stage private equity fund licensed by the U.S. Department of Agriculture as a Rural Business Investment Company and dedicated to providing capital to agribusiness companies throughout rural America.
“Manna Tree’s investment, alongside the recent funding from Open Prairie, will accelerate our growth, enable us to develop more innovative ingredients, increase production, and reach new customers,” said Michael Todd, CEO of Nutriati. “Brent and the Manna Tree team share our commitment to improving the quality of the food supply with healthier, better tasting options for consumers. In addition to capital, our strong investor base brings expertise and a deep network that will fuel our responsible growth.”
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