Sun Pacific spinoff Califia will use the proceeds from the round, which included its parent company, to expand its plant-based drink product range.
US-based organic beverage producer Califia Farms has raised more than $50m in funding in a round co-led by Sun Pacific, the fruit supplier from which it was spun off.
Sun Pacific co-led the round with investment group Ambrosia Investments and growth equity firm Stripes Group. They were joined by Plus Capital, Big Loud Capital and private investors including model Karlie Kloss, actors Jared Leto and Leonardo DiCaprio and snowboarder Shaun White.
Founded in 2010, Califia Farms produces a range of…
