Holland & Hart represented PowerPlant Ventures, a growth equity firm that invests in emerging consumer wellness companies, in the $52 million Series C financing round of Miyoko’s Creamery, a dairy food company revolutionizing the dairy industry by combining innovative technology with age-old creamery methods to craft plant-based cheese and butter. As lead investor, PowerPlant Ventures invested $40 million, with Cult Capital, Obvious Ventures, Stray Dog, and CPT Capita filling out the round.
The funding will advance Miyoko’s distribution and product innovation to capitalize on the growing plant-based food market. With nearly full distribution in the U.S. natural grocery channel, Miyoko’s future distribution expansion will focus on conventional grocery, club, and food service as more consumers demand plant-based alternatives. On the product side, Miyoko’s will continue to develop artisan-quality cheese and butter crafted from fermented plant milks to deliver higher nutrient density, performance, and flavor.
The Holland & Hart transactional team was led by corporate partner Chuck Cotter, with assistance from Brett Bromann, Nicki Cerasoli, Peter Perla, and Jeff Larson.
For more information, please see the Miyoko’s Creamery press release.
Holland & Hart’s food, beverage, and consumer products team helps clients address legal issues that arise from farm to table and everything in between. Our clients include investors, entrepreneurs, producers, manufacturers, and distributors of food, beverage, and hospitality-related products and services.