The plant-based food producer has completed a round led by General Mills subsidiary 301, which also co-led its last round in mid-2016.

301, the strategic investment vehicle for packaged food producer General Mills, has led a $40m funding round for vegan food product provider Kite Hill that included venture capital firm Cavu Venture Partners.

Kite Hill develops and produces almond milk-based alternatives to dairy products such as yoghurts, soft cheeses, spreads and ravioli that are then sold by large retailers such as Whole Foods or Target.

301 and Cavu Venture Partners had co-led Kite Hill’s last round, in which it raised…