PeaTos Closes Oversubscribed Series A3 Round and Launches into US Walmart Stores
Plant-based snack brand PeaTos announces it has closed an oversubscribed Series A3 round led by POST Holdings, and is launching into several hundred US Walmart stores nationwide. The brand says the Series A funds will enable it to continue challenging the dominance of snack giant Frito Lay, which PeaTos accuses of monopolizing the salty snack category with unhealthy ingredients. “While the amount of money we raised is a rounding error to Frito Lay, we are extremely proud of this show of strong show of support from our investors, as well as retailers and consumers, who believe in our important mission,” said PeaTos founder Nick Desai. Great strides He added, “Even in today’s challenging fundraising environment, there is still a strong demand for a compelling and …