Kite Hill Raises $40M in Series C
Kite Hill has successfully raised $40M in a Series C at a $200M valuation led by General Mills, Inventages.
Company Overview
Kite Hill is a FoodTech company headquartered in Hayward, CA, founded in 2010 with 150+ employees.
Almond-based dairy alternatives
Fundraising Details
- Amount Raised: $40M
- Round Type: Series C
- Valuation: $200M
- Date: 2016-09-27
- Investors: General Mills, Inventages
About Kite Hill
Almond-based dairy alternatives The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Hayward, CA
- Founded: 2010
- Team Size: 150+
- Industry: FoodTech
What This Means
This funding round demonstrates strong investor confidence in Kite Hill's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FoodTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Kite Hill's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $200M valuation marks an important milestone for Kite Hill, positioning the company among notable players in the FoodTech industry.
Looking Ahead
With this new capital, Kite Hill is well-positioned to execute on its growth strategy and continue building innovative solutions in the FoodTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2016-09-27. For more information about Kite Hill, visit their headquarters at Hayward, CA.
