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PlantBaby Closes Series Seed Equity Financing Round Led by B2 Partners, Reaching $20M Valuation
Feb 5, 2025
With the new funding, PlantBaby will expand retail distribution, accelerate innovation, and continue to grow its team.
MARIN, Calif., Feb. 4, 2025 /PRNewswire/ -- PlantBaby, a pioneering company dedicated to creating innovative solutions in the plant-based nutrition space, proudly announces the successful close of its Series Seed equity financing round. The round was led by B2 Partners, a firm founded by seasoned investor Matt Behrens, at a post-money valuation of $20 million.
"PlantBaby represents the kind of forward-thinking, mission-driven company we look to support at B2 Partners," said Matt Behrens, Founder of B2 Partners. "Their commitment to creating clean, plant-based nutrition solutions aligns perfectly with our belief in backing businesses that prioritize both health and sustainability. We're proud to contribute to their journey and help them reach even more families in need of innovative nutrition options."
This funding will empower PlantBaby to make its products more accessible around the country, through Sprouts, Wegmans, Amazon, Thrive, and their own Kiki Milk website built on Shopify. The new capital allows for further research and development and product innovation in both plant milk and new categories.
"We became acquainted with B2 Partners through an introduction by one of our early investors," said Alex and Lauren Abelin, Co-Founders of PlantBaby. "Their decision to lead this funding round underscores their confidence in PlantBaby's vision and potential. We're thrilled to join forces with such an excellent and thoughtful partner."
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