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US healthy snack manufacturer gets new funding worth US $9.25 mln

July 23
1:27 PM 2013

US healthy snack brand Bare Snacks revealed on Tuesday that it closed US $9.25 million in equity financing, led by NGEN Partners along with Silas Capital and Avrio Capital. The money will be used to expand its personnel as well as promote growth and expansion, the company statement said.

Brad Oberwager, CEO of Bare Snacks, said the entry of the three investors will help the company accelerate its goals of providing snacks "to those who care about their health and what they eat, without compromising taste or satisfaction."

Rosemary Ripley, Managing Director of NGEN said the demand for health snacks in the US has grown exponentially and the company is there to fill that demand for delicious yet guilt-free food products.

"We are excited by the potential for the brand to play a leadership role in this growing category," Ripley said.

Made from 100% real fruit as well as organic ingredients, Bare Snacks is the distributor of Organic Bare Fruit® Apple Chips and Fruit Snacks.

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