U.S. cheeses, cream cheeses, and yogurts manufacturer Kite Hill has announced the completion of a $40 million capital round expected to close within a month.
The capital from this funding round will enable Kite Hill to increase its factory capacity expansion, invest in marketing to drive further awareness, innovation and people to help fuel its rapid rate of growth.
The round was led by 301 INC, a business development and venture unit of branded consumer foods manufacturer and marketer General Mills.
U.S. venture capital and private equity firm CAVU Venture Partners also participated in the round.