LOS ANGELES — Children’s nutrition company Once Upon a Farm raised $52 million in a Series D funding round.
Co-founded by John Foraker, Jennifer Garner and Cassandra Curtis, Once Upon a Farm offers a range of organic food for babies and children, including fruit and vegetable blends, dairy-free smoothies and overnight oats. Formulated with no added sugar, dairy, preservatives or artificial and genetically modified ingredients, the products are sold in more than 11,000 stores nationwide and online through the company’s direct-to-consumer e-commerce platform.
Once Upon a Farm has reached several milestones in recent months, including transforming from an LLC to a Public Benefit Corporation and earning the First 1,000 Day Promise Certification for its new advanced nutrition blends. Designed by the Clean Label Project, the certification sets a higher standard in baby food regulation by utilizing elements of European regulations. The company also recently acquired Raised Real, a direct-to-consumer baby food business.
Once Upon a Farm will use funds from its $52 million fundraise to expand its innovation platform and fuel ongoing growth in retail and online. The Series D round was led by CAVU Venture Partners, with participation from existing investors S2G Ventures, Cambridge and Beechwood.“The experience, network and funding support Once Upon a Farm has received in its lifetime from our investment partners have been monumental to the company's growth thus far,” Mr. Foraker said. “Our business has grown at a triple digit compounded annual growth rate since 2017, and this new round of funding reflects the want and need for our delicious products. We want to continue being that ally for parents when choosing snacks and food we know their kids are going to love.”