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October 4, 2019

Popcornopolis attracts investment from NexPhase Capital

Popcornopolis, a US-based producer of "gourmet" ready-to-eat popcorn, has attracted investment from a local private-equity firm.

By Dean Best

Popcornopolis, a US-based producer of “gourmet” ready-to-eat popcorn, has attracted investment from local private-equity firm NexPhase Capital.

While NexPhase did not disclose any details around the investment, the New York-based investor said the “partnership” will help spur Popcornopolis’ continued growth.

Founded in 2003 in Vernon, California, by entrepreneurs Wally and Kathy Arnold, Popcornopolis manufactures unique popcorn flavours such as Zebra – caramel flavoured popcorn with a dark and white chocolate coating – and Nearly Naked popped in coconut oil. All of its non-GMO corn is sourced from US farmers.

The company has just opened a new production facility in Vernon and employs an “omni-channel distribution strategy” consisting of “direct-to-consumer mediums and entertainment venues in addition to traditional club, convenience, food, drug and mass retailers”.  

Its CEO Arnold commented on the investment: “NexPhase is the ideal partner for Popcornopolis and this investment comes at an exciting time for our company. As NexPhase brings a wealth of experience in growing consumer brands, we are eager to leverage the firm’s expertise in CPG to expand our footprint, while maintaining Popcornopolis’ uncompromising commitment to product quality and the consumer experience.”

Jamie Kaufman and Doug Corbett, who are both partners at NexPhase, will join the Popcornopolis board.  

“We are honoured to work with the Popcornopolis team to accelerate the company’s impressive growth and further establish the brand as the leading gourmet player in the ready-to-eat popcorn category,” said Kaufman. “At a time when consumers are snacking significantly more, Popcornopolis delivers what consumers are increasingly seeking: a delicious and indulgent snacking experience built upon clean ingredients and a responsible company culture.”  

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