Healthy snacks maker secures additional financing

by Eric Schroeder
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SAN FRANCISCO — Bare Snacks, maker of 100% Natural and Organic Bare Fruit apple chips and fruit snacks, has closed on $9.25 million in equity financing. The money will be used to accelerate growth by expanding capacity, adding to the management team, building the brand and funding working capital, the company said.

NGEN Partners led the round of financing, with Avrio Capital and Silas Capital co-investing.

“We are excited to have three experienced partners helping us accomplish our mission: to provide guilt-free snacks to those who care about their health and what they eat, without compromising taste or satisfaction,” said Brad Oberwager, chief executive officer of Bare Snacks.

“The demand for healthy snacks is a megatrend, and we believe that Bare Snacks provides consumers with delicious, good-for-you products,” said Rosemary Ripley, managing director of NGEN. “We are excited by the potential for the brand to play a leadership role in this growing category.”

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By Cris Genovese 8/9/2013 3:48:22 PM
Eric, thanks for covering this news from Bare Snacks.