Bare Snacks Closes US$9.25 Mln in Funds

July 27
3:39 AM 2013

Bare Fruit LLC gained US$9.25 million in equity funds in a financing round led by NGEN Partners, an American venture capital firm.

Canada-based venture capital firm Avrio Capital and Silas Capital co-invested in the fund which will be used to improve the company's capacity. It will also help in adding to the memebers of its management team and increasing working capital.

Walnut, California-based Bare Fruit is among the fastest growing healthy food companies in the U.S. and boasts 100% natural and organic fruit products that are baked and never fried. Bare Snacks as well as company bestseller, Bare Fruit Apple Chips, are avalilable at Whole Foods, Costco, Safeway, Wegman's, Publix, and many local grocery chains nationwide.

"We are excited to have three experienced partners helping us accomplish our mission: to provide guilt-free snacks to those who care about their health and what they eat, without compromising taste or satisfaction," remarked Bare Snacks Chief Executive Officer Brad Oberwager.

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