Boulder Food Group Closes Second Fund at $100mm

BOULDER, Colo. and LOS ANGELES, Feb. 28, 2019 /PRNewswire/ -- Boulder Food Group (BFG), the investment firm known for partnering with innovative and socially conscious food, beverage, and supplement brands, announced today the closing of its second fund, "BFG Fund II." The fund came in oversubscribed at more than $100mm with no placement agent used.

Founded in 2014 in Boulder, Colorado by Tom Spier, BFG backs disruptive, better-for-you consumer brands. Spier has first-hand experience starting, growing, and selling food startups, and is involved in several nonprofits tackling critical food issues. Together, the BFG team has 30+ years of food industry experience, attracting brands that are driving trends, upending categories, and shaping the future of food.

"Fund II will give us the opportunity to invest deeper in a set of brands while staying focused on innovative early-stage food and beverage companies," said Spier. "We're exploring investments in a variety of categories with compelling value propositions for today's changing consumer landscape."

The BFG team has an outstanding track record from their first fund ($50+mm) which includes the sale of Austin TX based Chameleon Cold Brew to Nestle in 2017, after just a 2-year hold period. With offices in both Boulder and Los Angeles, the BFG team is positioned in two of the biggest food hubs in the country.  The firm looks to provide hands-on strategic support to their portfolio brands. This strategy, along with the team's deep industry knowledge and winning investment track record, are what set BFG apart from other growth investment funds in this space.

The initial investment from BFG Fund II is going to OLIPOP, the first clinically-backed digestive health beverage that benefits the microbiome, digestive function, and metabolic health in cans of deliciously flavored tonic. "We feel that OLIPOP is well-positioned at the intersection of great taste and true functionality, with nothing like it on the market", said Dayton Miller, Managing Partner of BFG, based in Los Angeles. OLIPOP joins a robust BFG portfolio that includes Barnana, CAULIPOWER, 4^th and Heart, Birch Benders, and other innovative food brands. 

About BFG
Boulder Food Group ("BFG"), based in both Boulder and Los Angeles, is a venture capital fund which seeks to partner with early stage food and beverage consumer product companies. BFG works alongside exceptional entrepreneurs to ensure the business is able to deliver sustainable growth and outperform its competitors. BFG was founded by Tom Spier, a Co-Founder of EVOL Foods (acquired by Boulder Brands) and COO of Bear Naked (acquired by Kellogg's). (www.bfgpartners.com)

Contact:
Amy Barbanell
[email protected]
The Co-Op Agency
310-734-7834

SOURCE Boulder Food Group

Related Links

http://www.bfgpartners.com