News

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.

More News

Brothers Row Across Atlantic to Dispel Vegan Myths

Jude Massey and Greg Bailey are currently in the middle of the Atlantic Ocean, rowing for hours and eating only plant-based meals to show that animal products are not necessary for extreme athletic abilities.
Read More »

Stand-Up Comic Adam Sank Goes Vegan for the Animals

The funnyman credits documentary What the Health for pushing him from vegetarianism to veganism.
Read More »

Cargill Invests in Plant-Based Protein

The animal agriculture feed supplier joins PURIS—the largest pea-protein producer in North America—in its mission to create sustainable plant-based foods.
Read More »

Muay Thai Fighter to Open Vegan Bakery in NYC

Vegan chef Watt Sriboonruang's Rawsome Bakery will land on Orchard Street in Manhattan—further veganizing a street occupied by vegan apparel company MooShoes and vegan store Orchard Grocer.
Read More »

Vegan Brand Breaks Indiegogo's Crowdfunding Record

Vegan meal shake startup Bear Brands raised more than $65,000 from 250 backers in the first day of its crowdfunding campaign.
Read More »

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.

More Videos »