General Mills Leads $40 Million Investment in Plant-Based Kite Hill
Vegan dairy company Kite Hill has secured $40 million in funding. The investment will allow the brand to boost capacity and develop new products. For those who love cheese and milk, but want to avoid the health, environmental, and ethical complications of dairy consumption, Kite Hill fills a space. The company produces a range of plant-based yogurts, in flavors like vanilla, peach, key lime, and strawberry, as well as vegan cream cheese in chive and jalapeño flavors. Kite Hill also offers ravioli, artisanal cheese, and almond milk. Kite Hill’s recently acquired funding was made possible by 301 INC, a new business development unit at leading international food company, General Mills. CAVU Venture Partners, which invests in “passionate entrepreneurs with big ideas,” also participated in the round.