{"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":"
\"liquid<\/div><\/span> 2<\/span> Mins Read<\/span><\/span>\n

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

Expanding vision<\/h2>\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\n

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PowerPlant Partners founders Daniel Gluck (left) and Mark Rampolla (right) | Courtesy<\/figcaption><\/figure>\n\n\n\n

PowerPlant Partners says it’s also expanding its strategic vision beyond plant-based products to include adjacent technology, service, and enablement companies “that put human and planetary life at the center of business.”<\/p>\n\n\n\n

This shift, the company says, will enable the firm to grow its platform and offer a “more integrated network” for its portfolio companies and partners.<\/p>\n\n\n\n

The platform has already made four investments into vegan and sustainable companies including Miyoko\u2019s Creamery<\/a>, Liquid Death, Partake Brewing, and SYSTM Foods. PPV III is aiming to invest between $15-40 million in companies with $10-75 million in annual revenue.<\/p>\n\n\n\n

A changing industry<\/h2>\n\n\n\n

The move away from startup investing signals a shift in the increasingly crowded plant-based and sustainable consumer packaged goods industry.<\/p>\n\n\n\n

\u201cWe have transitioned to focus on larger, more established growth companies, with a direct path to profitability in one to three years,” Gluck told Forbes.<\/p>\n\n\n\n

\"\"
Plant-based Beyond Meat Sausage | Courtesy<\/figcaption><\/figure>\n\n\n\n

\u201cWe have always invested in businesses that put human and planetary life at the center of business, and every single one of our portfolio companies is already embracing this theme,\u201d Gluck said. <\/p>\n\n\n\n

\u201cWe are taking our proven platform in the consumer-wellness space, leveraging it to tangential sectors, and offering a more integrated and synergistic network for our portfolio companies and partners. Through our expansion, we will bring our portfolio companies an unparalleled level of insight and support.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n


<\/strong><\/p>\n

The post PowerPlant Partners Raises $330 Million to Focus on Growth-Stage Eco Companies<\/a> appeared first on Green Queen<\/a>.<\/p>\n\n

This post was originally published on Green Queen<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"

\"liquid<\/div>\n

<\/span> 2<\/span> Mins Read<\/span><\/span> With its recent $330 million raise, PowerPlant Partners\u2019 third fund, the PPV Fund III, will shift to focus solely on growth-stage vegan companies. According to PPV founders Daniel Gluck and Mark Rampolla, this is the first \u201ctrue growth equity fund\u201d for the vegan industry. \u201cWe are thrilled to receive such strong support and commitment from [\u2026]<\/p>\n

The post PowerPlant Partners Raises $330 Million to Focus on Growth-Stage Eco Companies<\/a> appeared first on Green Queen<\/a>.<\/p>\n","protected":false},"author":5843,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5281,5286,5283],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/795617"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/5843"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=795617"}],"version-history":[{"count":2,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/795617\/revisions"}],"predecessor-version":[{"id":795948,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/795617\/revisions\/795948"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=795617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=795617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=795617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}