LesserEvil - received investment backing

LesserEvil - received investment backing

US organic, plant-based snack company LesserEvil is planning to expand production capacity a manufacturing facility, launch more product lines and focus more heavily on sales and marketing after receiving investment backing.

The company, based in Framingham, Massachusetts, has received investment of an unspecified amount from InvestEco Capital Corp., a health and sustainability-focused private equity fund. 

LesserEvil said it plans to broaden the presence of its organic popcorn, puffs and chips across multiple channels in the US, including natural, conventional and club. 

"InvestEco's focus on impact investing perfectly aligns with LesserEvil's mission of making the world a better, healthier place," said LesserEvil CEO Charles Coristine. "We chose to partner with InvestEco given their experience in branded consumer products and bent towards sustainability - it is a great cultural fit."

"LesserEvil fits perfectly with our investment thesis as it sources the best ingredients, self-manufactures to ensure quality and constantly innovates with new ways to provide healthy snacks to consumers," said Alex Chamberlin, managing partner of InvestEco.

LesserEvil is planning to "significantly expand" production capacity at its facility in Danbury, Connecticut, launch more product lines and focus more heavily on sales and marketing.