PlantBaby Closes Series Seed Equity Financing Round Led by B2 Partners, Reaching $20M Valuation
Summary
The round was led by B2 Partners, a firm founded by seasoned investor Matt Behrens, at a post-money valuation of $20 million. "Their commitment to creating clean, plant-based nutrition solutions aligns perfectly with our belief in backing businesses that prioritize both health and sustainability. "This funding will empower PlantBaby to make its products more accessible around the country, through Sprouts, Wegmans, Amazon, Thrive, and their own Kiki Milk website built on Shopify. To ensure the highest safety and quality, all varieties undergo third-party testing for heavy metals and mold, making Kiki Milk a clean and nourishing choice for the whole family. Its signature product, Kiki Milk, launched in December 2021 with Original and Chocolate blends, later expanding to include Mac Nut and Unsweetened.