Manna Tree

Manna Tree is a private equity firm based in Vail, Colorado, founded in 2018. The firm focuses on investing in small and mid-sized companies involved in the food and nutrition sectors across North America, emphasizing areas such as production, processing, logistics, distribution, consumer products, and personal nutrition. Manna Tree aims to enhance human health through food by innovating within the supply chain and fostering authentic partnerships. The firm closed its first fund in March 2020, raising $141.5 million from a diverse group of investors, including private wealth managers and family offices. Notably, women and next-generation investors accounted for 45% of the funding sources. To date, Manna Tree has made four investments, targeting companies like Verde Farms, MycoTechnology, Nutriati, and Vital Farms.

Drew Connor

Vice President, Investments

Ross Iverson

Co-Founder and Managing Partner

Ryan Klas

Vice President, Investments

Tyler Mayoras

Director, Portfolio Growth

Carley Nelson

Vice President, Investments

Allyson Patterson

Managing Partner

Gabrielle Rubenstein

Co-Founder and Managing Partner

11 past transactions

Gotham Greens

Series E in 2022
Gotham Greens designs, builds and operates commercial scale greenhouse facilities in urban areas for fresh vegetable production. Since commencing production in early 2011, Gotham Greens has quickly become a worldwide pioneer in the field of urban agriculture and one of New York State’s leading producers of premium-quality, greenhouse-grown vegetables, and herbs. Local cultivation and regional distribution help Gotham Greens deliver their products quickly after being harvested to ensure they are fresh tasting, nutritionally dense, and long-lasting. Their farms are unconventional. But so is their commitment to taste, quality, and sustainability.

Good Culture

Series C in 2022
Good Culture, LLC specializes in the production of organic dairy products, particularly focusing on all-natural cottage cheese. Founded in 2014 and based in Irvine, California, the company also offers probiotic gut shots and sour cream, catering to health-conscious consumers seeking wholesome options. Good Culture's cottage cheese is noted for its thick, creamy texture and low sugar content, making it a nutritious choice without artificial ingredients. The company distributes its products through various retail outlets across the United States, promoting a lifestyle that encourages enjoying good food as a means to enhance well-being.

Health-Ade

Venture Round in 2021
Health-Ade, LLC is a producer of kombucha, a fermented tea known for its probiotics and health benefits. Founded in 2012 and based in Los Angeles, California, the company offers a diverse range of flavors, including original, apple, ginger lemon, plum, grape, cayenne cleanse, beet, carrot, and pomegranate. Health-Ade focuses on creating organic, non-GMO, kosher, vegan, raw, and gluten-free beverages, which are marketed for their gut-health advantages. The kombucha is made through a two-step fermentation process that significantly reduces sugar content. Despite high consumer demand, the company faces challenges in meeting production needs and has the potential to increase sales substantially if brewing capacity is expanded. Products are distributed through various retail locations and restaurants.

The New Primal

Series B in 2021
The New Primal, LLC is a producer of healthy meat snacks, specializing in grass-fed beef and free-range turkey jerky. Founded in 2010 and headquartered in North Charleston, South Carolina, the company offers a diverse product line that includes meat sticks, beef thins, marinades, buffalo sauces, dressings, coconut aminos, seasonings, and BBQ sauces. In addition to its core snack offerings, The New Primal sells merchandise such as T-shirts and distributes its products through various channels, including online platforms, gyms, and grocery stores. The company focuses on making healthy eating habits accessible to consumers through its commitment to quality ingredients and innovative snack options.

Urban Remedy

Series D in 2021
Urban Remedy is a plant-based organic food company that embodies the belief that Food is Healing. We empower consumers to conveniently eat ultra-fresh and clean. All of Urban Remedy's ready-to-eat meals, snacks and cold-pressed juices are certified organic, non-GMO Project Verified, gluten free, and low glycemic. Urban Remedy ships directly to customers nationally from its headquarters in Point Richmond, CA and operates 17 retail locations and over 100 grocery kiosks across northern and southern California. Urban Remedy is a certified B corporation. Learn more at www.urbanremedy.com

Evolve Biosystems

Series D in 2021
Evolve Biosystems, Inc. is a biotechnology company based in Davis, California, that focuses on developing probiotic-based biotherapeutics aimed at establishing, restoring, and maintaining a healthy human microbiome. The company specializes in addressing gut dysbiosis across all stages of life, with particular emphasis on supporting the microbiome of newborn infants. Evolve Biosystems offers both consumer-directed home use products and hospital-based solutions for neonatal intensive care units. With a discovery platform that also addresses microbiome issues in production animals, the company aims to meet various unmet clinical needs. Founded in 2011, Evolve Biosystems is committed to advancing microbiome health through innovative probiotic solutions.

Gotham Greens

Series D in 2020
Gotham Greens designs, builds and operates commercial scale greenhouse facilities in urban areas for fresh vegetable production. Since commencing production in early 2011, Gotham Greens has quickly become a worldwide pioneer in the field of urban agriculture and one of New York State’s leading producers of premium-quality, greenhouse-grown vegetables, and herbs. Local cultivation and regional distribution help Gotham Greens deliver their products quickly after being harvested to ensure they are fresh tasting, nutritionally dense, and long-lasting. Their farms are unconventional. But so is their commitment to taste, quality, and sustainability.

Verde Farms

Venture Round in 2020
Verde Farms, LLC specializes in the production of grass-fed beef and lamb products, catering to retail, wholesale, foodservice, and ingredient sectors. Founded in 2004 and headquartered in Woburn, Massachusetts, with a processing facility in Mullica Hill, New Jersey, the company offers a diverse range of products, including ready-to-cook grinds, patties, steaks, roasts, marinades, and ready-to-eat items such as hot dogs and roast beef. Verde Farms sources its livestock from a global network of family farms, ensuring that all cattle and sheep are 100% grass-fed, grass-finished, and raised without antibiotics or added hormones. The company's commitment to organic practices includes feeding livestock grass free from synthetic pesticides and fertilizers. Verde Farms distributes its products through online retailers and supplies various major cities across the United States, responding to increasing consumer demand for natural and sustainable meat options.

Nutriati

Series C in 2019
Nutriati, Inc. is a food technology company based in Richmond, Virginia, established in 2013. The company specializes in researching, developing, producing, and commercializing innovative plant-based food ingredients, notably gluten-free chickpea protein and chickpea flour. Nutriati aims to create nutritious food products that appeal to a wide range of consumer tastes while promoting healthier ingredients in the food supply. The company is committed to making a positive social impact and improving global health and well-being through its offerings.

Vital Farms

Private Equity Round in 2019
Vital Farms, Inc. is an ethical food company based in Austin, Texas, that specializes in pasture-raised products in the United States. Founded in 2007, the company offers a range of products including shell eggs, butter, hard-boiled eggs, ghee, liquid whole eggs, and egg bites. Vital Farms is dedicated to providing nutritious food while ensuring humane living conditions for animals and responsible land use for communities. The company emphasizes the importance of Conscious Capitalism, which seeks to balance the needs and benefits of all its stakeholders, including farmers, customers, communities, and employees. Through its commitment to ethical practices, Vital Farms aims to create a positive impact on the food industry and promote sustainable agriculture.

MycoTechnology

Series C in 2019
MycoTechnology utilizes fungi-based food-processing platforms to transform the flavor and value of agricultural products. The platform can be used to solve a variety of challenges faced by the food, beverage, and flavor industries. MycoTechnology has released ClearTaste, an all-natural, GMO-free, organic bitter blocker that is Kosher and Halal certified. ClearTaste improves the flavor of various agricultural products. MycoTechnology also engages in fermenting agricultural products with strains of gourmet fungi. The company offers myceliated chocolate as well as robusta and arabica coffee beans. It develops and licenses technology to the industry to naturally improve the flavor of robusta and arabica coffee. The company was incorporated in 2013 and is based in Aurora, Colorado.
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