Vegan brand Califia Farms—known for its plant-based milk products—recently secured a $225 million investment from a diverse group of global investors, including Qatar Investment Authority, Singapore’s Temasek (a government-owned firm), Canada’s Claridge, and Hong Kong’s Green Monday Ventures. Califia will use the funding to expand its oat-based line, develop new products, increase production capacity, and expand its geographical footprint. “The more than $1 trillion global dairy and ready-to-drink coffee industry is ripe for continued disruption with individuals all over the world seeking to transform their health and wellness through the adoption of minimally processed and nutrient rich foods that are better for both the planet and the animals,” Califia Founder and CEO Greg Steltenpohl said. In 2018, Califia raised $50 million in capital—including an undisclosed amount from actor Leonardo DiCaprio—to expand the production capacity of its vegan cold-brew coffee beverages, yogurts, creamers, and milks.
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