US-based vegan cheese and butter maker Miyoko’s Kitchen has received a “significant minority investment” from consumer-focused equity fund JMK Consumer Growth Partners.
JMK’s investment will enable Miyoko’s Kitchen to fuel continued growth in product assortment and distribution, the company said.
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The investment was secured as part of a series B funding round. The proceeds from the financing will be used to complete a new manufacturing facility in Petaluma in California, which will increase capacity by 30 times, Miyoko said.
“JMK and Miyoko’s Kitchen are a perfect match. The JMK team’s understanding of food trends and their appreciation for true innovation in the food space impressed me immediately. What JMK saw in Miyoko’s was not just a food brand, but a company dedicated to a mission of human, environmental and animal health,” said Miyoko Schinner, founder of Miyoko’s Kitchen.
John Kenney, the co-founder of JMK Consumer Growth Partners, added: “Miyoko and the Miyoko’s Kitchen team have worked very hard to build a formidable brand. We are absolutely thrilled to partner with Miyoko and her very talented team to help fuel the next stage of the growth story.”
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