Venice, CA—Vive Organic announced that it is closing on a $13 million Series B funding round led by Monogram Capital, with participation by Cambridge SPG and Powerplant Ventures. Vive will use the capital raised to expand its digital footprint, foster its innovation pipeline, and make its plant-powered products more accessible to consumers nationwide, according to a press release.
The brand has averaged over 400% growth year-over-year since its inception in 2015, the release says. In addition to launching their direct-to-consumer platform, Vive Organic is currently sold in over 8,000 stores across natural, conventional, mass and drugstore accounts including Whole Foods, Sprouts, Safeway, Wegman’s, Target, and CVS.
Over the last several months, Vive’s e-commerce sales have increased by 52 times, with production increasing fivefold to allow the brand to keep up with the demand.