- Manna Tree Partners announced it has raised $141.5 million for its first fund called Manna Tree Partners Fund I, L.P.
Vail, CO-based investment firm Manna Tree Partners announced it has raised $141.5 million for its first fund called Manna Tree Partners Fund I, L.P. The investment firm was founded by CEO Gabrielle Rubenstein, CIO Ross Iverson, and COO Brent Drever.
Around 131 investors in 18 countries from around the world committed capital to Fund I, including private wealth managers, corporate venture partners, family offices, and high net worth individuals. And 30% of investors in the fund are women.
What does Manna Tree Partners invest in? The firm invests in an organization’s ability to provide sustainable and traceable ingredients in the marketplace. And with the right capital structure, Manna Tree Partners investments can scale while preserving the integrity of their ingredients. Plus Manna Tree Partners works with international organizations and individuals who have a deep commitment to sourcing their own food for the improvement of human health.
So far, Manna Tree Partners Fund I has made four investments:
1.) Vital Farms – the largest national brand of pasture-raised eggs which support small farmers and the healthiest animal welfare standards in the industry.
2.) MycoTechnology – Sugar inhibitor ingredient company using mushroom protein to create healthier consumer products.
3.) Nutriati – a developer and manufacturer of proprietary plant-based ingredients, including protein, flour, and oil to elevate protein levels through a gluten/allergy free product.
Verde Farms: a provider of industry-leading environmental practices, and healthy 100% grass-fed, 100% pasture-raised, organic beef for retail, club, and foodservice customers.
Key Quotes:
“Demand for healthy food is rising dramatically. This fund will enable us to support and grow companies that produce, process and distribute healthy food. We are grateful to our investors for their confidence and commitment. We are proud to partner with sophisticated investors from around the world who agree that now is a great time to invest in companies that promote nutrition and the concept of food as medicine.”
-Manna Tree Partners CEO Gabrielle “Ellie” Rubenstein
“This new fund harnesses Manna Tree’s deep expertise and global network to source promising investments and create value for portfolio company customers and fund investors. We are pleased with our investments to date, four companies focused on nutrition and a healthy food supply chain. We see significant on-going opportunity in the health and wellbeing sector as consumers are becoming more educated on the pillars of optimal health and longevity. Our pipeline of promising investments is full as we focus on making the final 6-8 investments from Fund I.”
-Manna Tree Partners Chief Investment Officer Ross Iverson
