SANTA MONICA, Calif., Jan. 18, 2017 /PRNewswire/ -- Barnana® has done with the banana what no snack brand has done before - explode on the market and become the fastest-growing snack in its category according to SPINS, the retail reporting service. Today, Barnana has announced $5.3mm in growth equity funding backed by an impressive list of investors.
The new capital will be used to fund the production and launch of new products, expansion into additional markets and growth in distribution. This round of financing was led by Trently Advisors with additional investment by Blueberry Ventures, Boulder Food Group and Finn Capital Partners.
Since late 2012, Barnana has steadily overtaken snack aisles by building the only brand synonymous with the nutritional powerhouse fruit, the banana. From 2013-2016, the company has experienced an impressive 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. 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." - Alan Leavitt, Managing Director of Trently Advisors.
A pioneer in the healthy snack category, Barnana goes beyond the bottom line by sustainably upcycling bananas at the farm that would have otherwise never made it to market. The Company is on a mission to end food waste on organic banana farms by turning "imperfect" bananas into healthy and delicious snacks.
"Having investors on board who share in our brand vision is something that we cherish. With Trently Advisors and our other new and existing investors, we continue that legacy and strive for sustained excellence." - Caue Suplicy, CEO and Founder of Barnana.
About Barnana:
Barnana has become the brand synonymous with banana-based snacks by pioneering the use and delicious delivery method of the mighty curved yellow fruits' naturally occurring nutritional content. Barnana's mission is to end food waste on organic banana farms and be a force for good in consumer products. Barnana upcycles the "imperfect" organic bananas that previously went to waste at farms in Latin America and turns them into tasty snacks.
Barnana is USDA Organic Certified, Non-GMO Project Verified and uses Fair Trade Certified Chocolate, Fair Trade Certified Coffee and RSPO Certified Sustainable Palm Oil. The Company's snacks are packed with naturally occurring nutrients with no preservatives. Barnana is the Super Potassium Snack, a perfect healthy snack for moms, kids, weekend warriors and healthy active lifestyle pioneers alike. Barnana's line of Organic Chewy Banana Bites comes in six varieties including Original, Chocolate, Coconut, Peanut Butter, Apple Cinnamon and Coffee.
Barnana Can be found at Whole Foods Market, Costco, Safeway, Thrive Market, Sprouts, Wegmans, other fine stores nationwide and at www.barnana.com. The current management team includes the three founders: Caue Suplicy (CEO), Matt Clifford (COO), and Nik Ingersoll (CMO).
Contact: Melissa Gibson, Krupa Consulting
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SOURCE Barnana
