Vegan chickpea puff brand Hippeas closed an $8 million round of funding this week. Investors include venture group CAVU, barkTHINS founder Scott Semel, and some of Hippeas’ own employees.
Hippeas has previously raised $14 million, with Leonardo DiCaprio as one of its investors.
Hippeas is currently sold in over 40,000 retailers, including Target in the U.S. and Sainsbury’s, Asda, Tesco, and Boots in the UK. Sales of Hippeas has tripled this year and the company expects to at least double its sales next year.
Founder and chairman Livio Bisterzo told NOSH: “The business closed on a year with incredible performance so going into 2019 we had the funding to really keep driving, keep pushing the business forward, keep doing what we’re doing. We have a very strong path to being the number one natural puff.”