PowerPlant Partners, a renowned investment firm recognized for supporting some of the most prominent plant-based consumer food and beverage brands, has immediately rebranded to GroundForce Capital.
Expanding Focus on Sustainable Solutions
While continuing its commitment to investing in emerging and growth-stage consumer-facing companies that promote healthy and sustainable lifestyles, GroundForce is set to broaden its investment focus. The firm will now target food-related companies that are addressing urgent issues related to human and planetary health.
This expansion includes investments in ag-tech, decarbonization, supply chain, agriculture, and low-emission manufacturing and production. The goal is to catalyze the transition to healthier, lower carbon, and regenerative food production.
A Commitment to a Healthier and Sustainable Future
Mark Rampolla, Co-Founder and Co-Managing Partner of GroundForce expressed the firm's enduring commitment to sustainability. “We always have and always will strive to bring life to the center of business and invest in companies building a healthier and more sustainable future for all. We helped catalyze the plant-based movement. Now we believe we can bring our experience, expertise, and network to drive change more broadly,” he said.
GroundForce Growth I Fund
GroundForce is currently investing through its $330 million fund, GroundForce Growth I, which held its final closing in June 2022. The fund is designed to invest between $15 million and $50 million in emerging and growth-stage companies. These companies are expected to generate gross revenues ranging from $20 million to over $100 million.
Leveraging Experience and Expertise
Dan Gluck, Co-Founder and Co-Managing Partner of GroundForce Capital highlighted the firm's extensive experience and strong network. “With years of experience, a world-class team, and a remarkable collective of founders, CEOs, executives, advisors, and investors, we have gained invaluable insights. I am thrilled to share this expertise with a wider array of companies, highlighted by our recent investment in Bobbie: a rapidly expanding brand at the forefront of revolutionizing infant nutrition,” Gluck stated.
Photo by Guillaume de Germain on Unsplash
