NEWPORT BEACH, CALIF.--(BUSINESS WIRE)--
Cambridge Companies SPG , a Newport Beach-based strategic opportunity investment firm specializing in scaling emerging consumer food and beverage brands, announced its strategic investment contribution to the $4M Series B and ABL funding round for Miami based Powerful. River Hallow Partners led the Series B and Gerber Finance led ABL. Cambridge Companies’ SPG funding will aid in propelling the expansion of Powerful's high velocity food and beverage lines in 2018.
Powerful is a pioneer food and beverage company offering all-natural, high protein products for active lifestyles. Powerful launched in 2013 with the first Greek yogurt designed for men and the first black packaging in the dairy aisle. Four short years later, the company's insurgent approach has grown Powerful into a multi-category active lifestyles brand for men and women, with product in over 10,000 U.S. stores. The current line includes Powerful Yogurt, Powerful Drinks and Powerful Oatmeal, all of which are high in protein and made with natural ingredients. The company's products are available at leading retailers such as Walmart, Target, Stop n' Shop and Shoprite, as well as Amazon and the company's website.
“As we continue to broaden our portfolio, we are keeping a close eye on brands that are disrupting the food and beverage space,” said Polina Chebotareva, vice president of Cambridge Companies SPG. “These innovative companies are where the food industry is headed, and we are thrilled to encourage the growth of Powerful.”
Cambridge Companies SPG continues to invest in fast growing brands with a focus on high velocity, better-for-you food and beverage products. Powerful will use the funds to help further geographic expansion and product innovation.
“Cambridge Companies SPG shares my vision for Powerful’s growth and expansion” said Carlos Ramirez, founder and CEO of Powerful. “We are very excited to have Cambridge’s experience and expertise in the food and beverage space and look forward to reaching new heights with their support.”
Cambridge Companies SPG is strategically looking at revenue generating, consumer food and beverage companies with unique positioning to elevate their investment portfolio.
“Cambridge Companies SPG has invested over $20M in nine CPG Food and Beverage brands since July 2016. These investments are incrementally revolutionizing the nutritional landscape in the U.S. and providing discernible social impact to public health,” said Filipp Chebotarev, chief operating officer of Cambridge Companies SPG. “We are a passionate group of private equity professionals focused on growth, integrity and hard work which leads to both our and our clients' success.”
Cambridge Companies SPG is led by Managing Partners Filipp Chebotarev, David Patton, Polina Chebotareva and David Bartholomew. The team at Cambridge Companies SPG invests in highly skilled operators of disruptive category leading companies in the food and beverage consumer packaged goods sector.
About Cambridge Companies SPG
Cambridge Companies SPG (“Special Projects Group”) is a highly respected strategic opportunity investment firm based in Newport Beach, CA. Cambridge Companies SPG turns opportunities into value by buying controlling and non-controlling interest in companies poised for growth. The firm focuses on retail, consumer packaged goods (CPG) as well as Food & Beverage. More information on Cambridge Companies SPG can be found on their website here.
Copyright Business Wire 2017