KRAVE Receives Growth Equity Investment from Alliance Consumer Growth to Support Continued Expansion

SONOMA, Calif.--()--KRAVE Jerky, maker of delicious, natural, high-protein snacks, today announced it received a significant minority growth capital investment from leading consumer-focused private equity fund Alliance Consumer Growth (“ACG”). ACG’s investment will enable KRAVE to further accelerate nationwide distribution of its products, expand new product innovation, and continue to generate consumer awareness and trial.

“We’re thrilled to announce our partnership with ACG and are looking forward to the next stage of growth for the brand”

Founded in 2010, KRAVE is an emerging healthy snack food company based in California’s wine country that is leading the renaissance of the large and growing meat snacks category. The company currently makes and markets a line of eight delicious, better-for-you jerky products using premium-quality cuts of all-natural beef, pork and turkey. KRAVE offers bold, chef-inspired flavors like sweet chipotle, chili lime, pineapple orange, and lemon garlic which appeal to a broad consumer base. KRAVE’s products are artisanally produced and made in the USA with domestic protein sources.

“We’re thrilled to announce our partnership with ACG and are looking forward to the next stage of growth for the brand,” said KRAVE’s Founder and CEO Jonathan Sebastiani. “We believe with this investment we can continue to build on the brand’s momentum and take KRAVE to the next level. In addition, ACG’s experience in the retail and food industries, marketing expertise and support for our brand vision make them the ideal investment partner for us as we continue our rapid growth.”

“KRAVE is an authentic and unique company, run by a fantastic team, that is disrupting a huge category,” said Julian Steinberg, Managing Partner of ACG. “It is a perfect example of the type of pioneering, high-growth brand in which we seek to invest.”

About KRAVE

Founded in 2010, KRAVE is an emerging healthy snack food company based in California’s wine country that is leading the renaissance of the large and growing meat snacks category. The company makes a line of eight better-for-you jerky products using natural beef, pork and turkey. KRAVE’s products are delicious, with a tender texture and healthier attributes than conventional jerky. KRAVE offers bold, chef-inspired flavors like sweet chipotle, chili lime, pineapple orange, and lemon garlic which appeal to a broad consumer base. The company’s products are artisanally produced, using premium-quality cuts of domestic, all-natural meat.

About Alliance Consumer Growth

Alliance Consumer Growth, based in New York, is a private equity fund which provides growth capital and value-added partnership to the most promising young consumer brands. Current investments include BabyGanics, The Honest Kitchen, EVOL Foods and KRAVE Jerky. Prior investments by ACG principals include Plum Organics and DenTek. www.acginvestors.com

Contacts

Alliance Consumer Growth
Julian Steinberg, 212-940-9631
jsteinberg@acginvestors.com

Website

Release Summary

KRAVE Jerky today announced it received a significant minority growth capital investment from leading consumer-focused private equity fund Alliance Consumer Growth (“ACG”).

Alliance Consumer Growth