Plant-based nutrition company PlantBaby secures $4m in funding

Plant-based nutrition company PlantBaby has announced a $4 million seed funding round, led by Big Idea Ventures and The Fund LA.

The round also received participation from new institutional investors, including Two Culture Cap, Springbank Collective, Western Technology Investment and Niche Capital.

Headquartered in Kauai, Hawaii, PlantBaby launched its first product, an organic plant-based milk designed specifically for children, just six months ago. 

Kiki Milk is made with organic whole foods, such as oats, hemp seeds, sprouted pumpkin seeds and coconuts. The drinks also feature a blend of “superfood powders”. 

Co-founder Alex Abelin said: “This fundraising round will support continued research and development of new plant-based culinary innovations and continued growth of the brand to make PlantBaby itself a vehicle to create positive change for children’s health and the wellbeing of children everywhere”.

Tom Mastrobuoni, chief investment officer for Big Idea Ventures, added: “The non-dairy space is highly competitive, but the PlantBaby team has created a unique product that features cleaner label ingredients and appeals to the most precious consumers of all, our children”.