NEW YORK — Cerebelly, a baby food brand designed to promote cognitive development, has closed an oversubscribed Series A funding round led by Knudson Capital.
The startup, founded in 2019, utilizes 16 key nutrients to improve cognitive health in each region of babies' developing brains. Cerebelly’s line of products includes a variety of organic, clean label puree pouches and Smart Bars snacks.
“We are extremely proud to have been able to raise our next round of investment in this market environment,” said Greg Shearson, chief executive officer of Cerebelly. “Over the past three years, we have consistently grown exponentially. And we remain bullish on our share growth and household penetration opportunities. Once the consumer becomes aware of our nutritional advantages, their loyalty, and commitment to our brand is best in class.”
Funding from the round will go toward product development, global retail growth and brand and digital marketing. Other investors included H Venture Partners, Imaginary Venture Capital Partners, Babybelly LLC and Redcap Investments LP.
The funding round closes just weeks after Cerebelly announced plans to launch in nearly 700 Walmart locations nationwide, expanding its current retail distribution which includes Whole Foods Market, Meijer, Kroger and Target.
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