Infant formula company Bobbie takes in $70M to acquire Nature’s One
July 12, 2023
Bobbie, an organic infant formula company, has acquired Nature’s One, a 26-year-old pediatric nutrition company, in a move that gives Bobbie end-to-end control over formula manufacturing through a new facility and triples the size of Bobbie’s operations.
In addition, the company closed on a $70 million Series C round of funding to acquire Nature’s One. Modi did not disclose the valuation, but said it was an increase over its previous round. The new investment was led by a $35 million infusion from PowerPlant Partners, with participation from several of Bobbie’s existing investors. This now gives Bobbie venture-backed funding totaling $142 million raised to date.