Our $330M Fund III and Beyond: Why PowerPlant is Broadening its Vision, and What It Means

Dan Gluck and Mark Rampolla — September 12, 2022


When we created PowerPlant Partners in 2015, we wanted to be the go-to investor for plant-based consumer food and beverage companies. And, as one of the original impact and wellness-focused firms, we think we’ve lived up to that mission. 

We closed PowerPlant Ventures III L.P. (PPV Fund III) with $330 million last spring and we are beyond excited.

Over the next few years we will invest between $15 million and $40 million in plant-based food & beverage, food-tech and sustainable CPG as active, primarily minority, investors. And we’ve already started, with new investments in Miyoko’s Creamery, Liquid Death, Partake Brewing and SYSTM Foods, a roll-up strategy that acquired and combined Chameleon Cold-Brew and REBBL.

Why? Because as co-founders we are both personally committed to supporting those who put people and the planet first. Fund III will allow us to deepen and grow our efforts to find, fund and scale breakthrough companies that are building a healthier, more sustainable future.

As we look to the future of PowerPlant, we are also excited to share that we will be expanding into consumer technology, service and enablement companies that put human and planetary life at the center of their businesses. With our expansion, we are doubling down on what we know works in the consumer-wellness space to offer a more integrated support network for our portfolio companies. We’ve more than doubled our team over the past few years and continue to hire top-tier talent, and with this additional capital we’ll expand on those efforts while developing a deep bench of industry-leading operating advisors and partners. This top-tier support for portfolio companies, along with our own expertise as operators, is one of the key differentiators for PowerPlant and now we’re going bigger with it, applying our experience to a wider range of impact businesses.

We wouldn’t be here without the support of our limited partners. The network we’ve built over the years and the success we’ve all seen in consumer-facing food & beverage and CPG has put the firm in a unique position to source investments that are aligned with the people and planetary health megatrends you see everywhere. Even in the midst of all the ongoing market volatility, the strong commitment we’ve received from our LPs has not gone unnoticed and we are beyond grateful for your trust and support.

Now let’s get to work!

PPV Fund III is open for business and we want your help. We want deal flow, we want talent and we want input. This expanded focus on broad-based sustainable businesses is an amazing opportunity to scale our reach and impact as investors, but we can’t do it alone. Give us a call, reach out, and let’s put this capital to work building a better future for everyone!

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