This week, Colorado-based vegan snack brand Bobo’s closed a $5.5 million Series B1 funding round led by investment firm Boulder Food Group (BFG). Founded in 2003 by mother-daughter team Beryl and “Bobo” Stafford, the company makes a variety of vegan oat bars, bites, nut-filled bars, and toaster pastries.“BFG is thrilled to partner with Bobo’s [which] has become a staple in the Colorado community and beyond, providing a delicious product the entire family can enjoy without compromising on taste or ingredients,” BFG founder Tom Spier said. “We are proud to join other Boulder-based partners and support Bobo’s in bringing [its] cravable, wholesome, oat-based snacks to homes across the country.” The company grew by 70 percent in 2017 and 45 percent in 2018, and will use the current funding round to support its anticipated growth of 40 percent in 2019. As a whole, the plant-based food industry has raised $16 billion in investment capital in the last decade, with $13 billion raised in 2017 and 2018 alone, according to a recent report by non-profit The Good Food Institute.
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