To Grab the Leadership Position in Growing Dairy Market, Kite Hill Secures $18 Million
Date: Friday , June 03, 2016
The Northern California-based dairy producer firm, Kite Hill, intends to expand its distribution and increase consumer awareness for the brand and product lines with its latest $18 million venture funding. The newest investment is led by 301 INC and CAVU Venture Partners.
\"These investments provide additional confirmation that Kite Hill has quickly established itself as the gold standard in great tasting plant-based dairy,\" says Matthew Sade, CEO, Kite Hill. \"Our products - from cheese to yogurt to entrees - are quickly becoming the bridge for consumers who want access to better-for-you products without having to trade off great taste. We are excited to partner with General Mills and CAVU to grow our business, innovate new products, and reach the ever-growing number of consumers who are incorporating plant-based foods into their diets,\" he further adds.
Incepted in 2011, Kite Hill makes plant-based traditional dairy products. Within a short period of time, the company has developed a range of offerings that are not only offer great taste, but are healthier and more sustainable than their dairy counterparts. It delivers its products through Whole Foods Markets nationwide and is made with non-GMO almonds from California\'s San Joaquin Valley. Scientific Culinary is the core technology for Kite Hill\'s food products.
\"We\'re thrilled to partner with Kite Hill to help them expand their remarkable portfolio of plant-based dairy foods. What sets Kite Hill apart is its ability to innovate and crack the code on developing great-tasting products that appeal to consumers seeking dairy alternatives,\" says John Haugen, Vice President & General Manager, 301 INC.