LOS ANGELES — Specialty food brand 4th & Heart announced the closing of a $7.6 million series C funding round led by Harbinger Ventures, a growth-equity investment firm focused on scaling early-stage, female-led companies.
The investment round also included funding from Cambridge Companies SPG, Blueberry Ventures, Boulder Food Group, Monogram Capital Partners, Finn Capital Partners and Everplus Capital. 4th and Heart said the latest funding round will allow it to expand its brand reach through improved innovation and distribution channels.
The company, which was founded in 2015, produces easy-to-use ghee (also called clarified butter) spreads, oils and chocolate spreads. It is currently planning its first expansion into mass retail, with its shelf-stable items set to be available in Target’s SuperTarget and PFresh stores nationwide in September.
In addition to growing its presence on existing retailers’ shelves, the company is expanding its portfolio with the upcoming launch of Woke, a line of grass-fed collagen-free ghee protein and energy bars.
“We are thrilled to have found such an influential group of partners that share our passion and align with the mission of 4th & Heart,” said Raquel Tavares, founder and chief executive officer at 4th & Heart. “Our work with Harbinger Ventures and our other investors will help to grow our brand and innovate new products for the growing audience of health-conscious consumers attracted to flavorful better-for-you alternative cooking essentials and snacks.”