Vending

Hippeas Organic Chickpea Snacks raises $50M from investment firm

Image courtesy of Hippeas Organic Chickpea Snacks.

January 28, 2021

Hippeas Organic Chickpea Snacks has raised $50 million from The Craftory, an investment company, according to a press release.

The brand will use the funds to boost innovation, expand production and increase distribution. The financing consisted of direct investment and secondary purchases of shares from existing Hippeas shareholders, including CAVU Venture Partners.

Hippeas debuted in Q2 of 2016 in the U.S. and the U.K., with its Organic Chickpea Puffs sold at retail. In 2019, the brand launched its chickpea-based tortilla chips.

Both lines are USDA Organic, certified gluten-free and vegan. In addition to retail outlets, the brand is available on Amazon.com in the U.S.