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Vegan Chickpea Snack Brand Raises $10 Million

HIPPEAS receives a large capital injection to continue expansion of its vegan snack line.

Vegan brand HIPPEAS announced last week that it had closed a $10 million investment from CAVU Capital Partners. The company makes extruded organic chickpea-based puffs in five flavors—including Vegan White Cheddar, Sriracha Sunshine, and Far Out Fajita—and is currently available at more than 100,000 distribution points such as Starbucks, Whole Foods Market, and a number of markets in the United Kingdom. HIPPEAS plans to use the investment to continue expansion into new retail outlets such as Target and Costco, which will carry larger sized bags and multi-packs. “I think next year we could probably do $5 million on Amazon,” HIPPEAS founder Livio Bisterzo told media outlet Foodnavigator, “which is pretty amazing." Earlier this year, the company—which reported earning $1 million in revenue for the month of September—secured an investment for an undisclosed amount from actor Leonardo DiCaprio.

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Costco Debuts $5 Vegan Breakfast Bowls Nationwide

The food court at the big-box retailer is about to get a lot more refreshing thanks to a plant-based berry-and-granola-loaded açaí bowl, available by the end of this month at locations nationwide.
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Montreal Bans Cruel Horse-Drawn Carriages

Beginning on New Year's Eve 2019, horses will no longer be forced to pull passengers across the cobblestone streets of the Canadian city.
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New Locator Finds Vegan Food at Ballparks

New guide Veggie Happy helps sports fans locate vegan options at stadiums nationwide.
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New Vegan Butcher Shop Opens in Texas

San Antonio's Hip Peaz Vegan Eats offers a rotating menu of vegan meat sandwiches, burritos, and gumbo.
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Vegan Shoe Brand No One's Skin Debuts in London

The new footwear brand aims to eliminate the pollution caused by the animal-based leather industry with comparable, vegan alternatives.
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This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

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