Good Culture is reaping the benefits of a pivotal investment. The dairy provider announced it has recently completed $64 million in Series C funding led by Manna Tree, with participation from SEMCAP Food & Nutrition and celebrity investor Kristen Bell. With this recent investment, the supplier will continue to scale its business and innovate across its current product line to build a cultured foods platform.
"We are evolving from a cottage cheese and sour cream brand to a healing cultured foods company, and this new round of funding will help propel our efforts to create positive food system change," says Co-Founder and Chief Executive Officer Jesse Merrill. "Expansion and best-in-class innovation will continue to be primary areas of emphasis for the company. We’ll also deepen our commitment to real food and sustainable, regenerative farming practices through our partnerships with 1% for the Planet and B-Corp, and continue to build out a pasture-raised supply chain.”
According to a press release, this funding will help to grow the Good Culture team, expand awareness-driving marketing and enhance manufacturing, and provide liquidity to some early shareholders. The purveyor will also use the funds to drive product development as it works to grow its offerings in nutrient-dense, cultured foods.
“In just six years, Good Culture has revolutionized the long-overlooked cottage cheese and sour cream categories,” said Manna Tree Director, Sylvio Petto Neto. “We’re excited to add Good Culture to our large and growing portfolio of better-for-you brands such as Health-Ade. At Manna Tree, we are inspired to improve human health through nutrition, and we are confident that we can help Good Culture build on its strong foundation to become the leading cultured dairy brand."
This growth is also backed by SEMCAP Food & Nutrition, as Managing Partner John Haugen, was an early investor in the company’s mission.
“I’ve worked closely with Jesse and his team over the past six years and have witnessed firsthand their impressive growth,” noted Haugen. “Good Culture has built a portfolio of remarkable products that are on trend with today’s consumer and they are leading the way with their commitment to pasture-raised dairy and regenerative agriculture. This really aligns with SEMCAP's mission to change humanity for the better, and we believe that fueling Good Culture's growth is a phenomenal way to positively impact people and the planet."
Good Culture first entered the cottage cheese category with its 2015 launch, and has since increased its distribution footprint to over 10,000 stores.
To read more about the company and its recent Series C funding round, click here.
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