Healthy snack maker Barnana receives $5.3 million investment

by Monica Watrous
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Barnana banana snacks
 Barnana produces snack bites made from “imperfect” organic bananas that previously were wasted at farms in Latin America.

SANTA MONICA, CALIF. — Barnana, a healthy snack company, has closed on a $5.3 million strategic funding round led by Trently Advisors with additional investment by Blueberry Ventures, Boulder Food Group and Finn Capital Partners.

Founded in 2012, Santa Monica-based Barnana produces snack bites made from “imperfect” organic bananas that previously were wasted at farms in Latin America. Varieties include original, chocolate, coconut, peanut butter, apple cinnamon and coffee. From 2013 to 2016, the company recorded a compounded annual growth rate of 139%.

“Barnana’s product lineup and company mission are squarely on-trend: delectable, convenient snacks that are healthy, functional and environmentally sustainable,” said Alan Leavitt, managing director of Trently Advisors. “Trently is very excited to partner with the management team as long-term investors. Caue, Matt, Nik and the team are well-positioned to expand brand presence, launch new and innovative products and take Barnana into additional markets.”

Barnana banana snacks
 Barnana products are sold at Whole Foods Market, Costco, Sprouts and other retailers nationwide.

Billed as “the super potassium snack,” Barnana products are sold at Whole Foods Market, Costco, Safeway, Thrive Market, Sprouts, Wegmans and other retailers nationwide.

The company will use the capital to fund the production and launch of new products, expansion into additional markets and distribution growth.

Caue Suplicy, Barnana
Caue Suplicy, c.e.o. and founder of Barnana
“Having investors on board who share in our brand vision is something that we cherish,” said Caue Suplicy, chief executive officer and founder of Barnana. “With Trently Advisors and our other new and existing investors, we continue that legacy and strive for sustained excellence.”  
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