Denver, CO—Cappello’s has announced the closing of its Series B funding with investments pledged by Alliance Consumer Growth and Finn Capital Partners. The new funds, according to the company, will help expand its offerings, drive new distribution and connect with new consumers.
“We want to thank our partners for their support and we’re so elated that we can collaborate with them to propel our vision of offering delicious, simple, grain-free foods to all,” said Ben Frohlichstein, Co-Founder and Co-CEO of Cappello’s in a press release. “With our sights set on new distribution and innovation, we are closer than ever to reaching families across the nation that are looking for convenient, clean ingredient meal solutions that never compromise on taste or texture.”
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The grain-free frozen CPG brand has found success launching into 30% more storefronts in 2020 than in 2019 with their biggest retail partners being in the Natural Channels. From 2019 to 2020 it experienced 74% sales growth and is currently available in 4,800 stores.
“Cappello’s is one of the most exciting emerging food brands, and we are thrilled to have this opportunity to be a partner to the business and the team,” said Daniel Hodges, Vice President of ACG. “Their effectiveness in connecting with consumers is illustrated by their impressive growth across various sales channels, and we look forward to supporting the Cappello’s team going forward.”