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.”
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, c.e.o. and founder of Barnana|