{"id":795617,"date":"2022-09-12T00:00:00","date_gmt":"2022-09-12T00:00:00","guid":{"rendered":"https:\/\/www.greenqueen.com.hk\/?p=63246"},"modified":"2022-09-12T00:00:00","modified_gmt":"2022-09-12T00:00:00","slug":"powerplant-partners-raises-330-million-to-focus-on-growth-stage-eco-companies","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2022\/09\/12\/powerplant-partners-raises-330-million-to-focus-on-growth-stage-eco-companies\/","title":{"rendered":"PowerPlant Partners Raises $330 Million to Focus on Growth-Stage Eco Companies"},"content":{"rendered":"
With its recent $330 million raise, PowerPlant Partners’ third fund, the PPV Fund III, will shift to focus solely on growth-stage vegan companies. <\/p>\n\n\n\n
According to PPV founders Daniel Gluck and Mark Rampolla, this is the first “true growth equity fund” for the vegan industry<\/a>. <\/p>\n\n\n\n \u201cWe are thrilled to receive such strong support and commitment from our limited partners, especially during a period of increased market volatility,\u201d Gluck said in a statement. \u201cThis new fund will allow us to deepen and grow our efforts to find, fund and scale breakthrough companies that are building a healthier, more sustainable future.\u201d<\/p>\n\n\n\n Rampolla says the additional capital will allow PPV to expand its team and build “an even stronger” bench of industry-leading operating advisors and partners. <\/p>\n\n\n\n “This will enable us to continue to bring an unparalleled level of insight and support to companies and apply our experience to a wider range of businesses that put human and planetary life at the center of business,” Rampolla said.<\/p>\n\n\n\nExpanding vision<\/h2>\n\n\n\n