Manna Tree

Manna Tree, established in 2018 and headquartered in Vail, Colorado, is an investment firm focused on the future of human health through food. It invests in small to mid-sized U.S. companies that supply healthy foods, operating across the supply chain from production to distribution. Manna Tree's approach involves connecting systems, food, and health through strategic partnerships and operational discipline, supported by world-class research. As of March 2020, its first fund, with $141.5 million in commitments from diverse global investors, has made four investments in companies such as Verde Farms, MycoTechnology, Nutriati, and Vital Farms.

Drew Connor

Vice President, Investments

Ross Iverson

Co-Founder and Managing Partner

Carley Nelson

Vice President, Investments

Allyson Patterson

Managing Partner

Gabrielle Rubenstein

Co-Founder and Managing Partner

13 past transactions

Gotham Greens

Series E in 2022
Gotham Greens is a fresh food producer that grows and distributes greenhouse-grown leafy greens and herbs, along with salad dressings, dips, and cooking sauces, year-round for retail, restaurant, and food service customers. It operates a national network of climate-controlled glasshouses across the United States, enabling year-round local supply and pesticide-free produce through integrated pest management, including biological controls. Since its founding in 2011, Gotham Greens has expanded from a single urban rooftop greenhouse in Brooklyn to a large hydroponic producer with multiple locations and products sold in thousands of grocery stores. The company emphasizes sustainability and responsible farming practices and holds certification as a B Corporation, reflecting its focus on people and the planet.

True Food Kitchen

Private Equity Round in 2022
True Food Kitchen operates 42 restaurants across the United States, offering a dining experience centered around wholesome, seasonal cuisine guided by Dr. Andrew Weil's anti-inflammatory food pyramid principles. The company sources fresh, in-season ingredients to create dishes that emphasize natural health benefits and flavors, with a focus on thoughtful preparations and conscious sourcing. Established in 2008, True Food Kitchen is headquartered in Phoenix, Arizona.

Good Culture

Series C in 2022
Good Culture, LLC, established in 2014 and headquartered in Irvine, California, specializes in the production of organic cultured dairy products. The company's portfolio includes a range of thick, creamy, low-sugar cottage cheese, probiotic gut shots, and sour cream. Good Culture focuses on providing real-food options with simple ingredients, aiming to offer consumers healthy dairy alternatives that do not compromise their well-being. Its products are available through stores across the United States.

Cheetah Technologies

Series C in 2022
Cheetah Technologies is a San Francisco-based company that operates an online, AI-enabled wholesale e-commerce platform connecting distributors, manufacturers, and food-service customers to streamline ordering and delivery of groceries and restaurant supplies. Customers can browse, place orders via a mobile app, and receive next-day, contactless delivery or pickup from designated locations. The platform helps reduce order-processing time and labor while aiming to minimize food waste. The company serves food-service businesses across multiple markets, including the Bay Area and other major U.S. cities. It was founded in 2012, originally named Sourcery Technologies, and rebranded to Cheetah Technologies in 2017; it also maintains an office in Israel.

Health-Ade

Venture Round in 2021
Health-Ade LLC is a beverage manufacturer based in Los Angeles, California, founded in 2012. The company specializes in producing Kombucha, a fermented tea rich in probiotics and healthy acids. Health-Ade offers its products in various flavors such as original, apple, ginger lemon, plum, grape, cayenne cleanse, beet, carrot, and pomegranate. These beverages are sold through retail stores and restaurants nationwide. Due to high demand, the company is planning to expand its production capacity by financing a new brewery.

The New Primal

Series B in 2021
The New Primal is a producer of meat snacks focused on grass-fed, grass-finished, and pasture-raised protein. Its product lineup includes beef sticks, free-range turkey sticks, and natural pork sticks, as well as beef jerky, beef thins, marinades, buffalo sauces, dressings, coconut aminos, seasonings, and barbecue sauces. The company also markets a kids snacking line and branded apparel online, and distributes through gyms and grocery stores. Founded in 2010 and headquartered in North Charleston, South Carolina, The New Primal aims to make healthy eating easy by offering protein-rich snacks delivered through an online platform and retail channels.

Urban Remedy

Series D in 2021
Founded in 2011, Urban Remedy is a plant-based food company specializing in certified organic, non-GMO, gluten-free, and low glycemic products. It offers a range of ready-to-eat meals, snacks, and cold-pressed juices, delivered nationwide from its California headquarters. The company operates retail locations and grocery kiosks across multiple states.

Evolve Biosystems

Series D in 2021
Evolve Biosystems, Inc. is a life sciences company based in Davis, California, that focuses on developing probiotic-based biotherapeutics aimed at establishing, restoring, and maintaining a healthy human microbiome. Incorporated in 2011, the company utilizes a discovery platform that addresses dysbiosis issues throughout the human life cycle and in production animals. Evolve Biosystems specializes in probiotic bacteria activated with specific prebiotic oligosaccharides and employs various delivery systems to support gut health, particularly in infants during their first six months of life. Their product offerings include consumer-directed solutions for home use as well as specialized products for neonatal intensive care units, addressing unmet clinical needs in both human and animal health.

Gotham Greens

Series D in 2020
Gotham Greens is a fresh food producer that grows and distributes greenhouse-grown leafy greens and herbs, along with salad dressings, dips, and cooking sauces, year-round for retail, restaurant, and food service customers. It operates a national network of climate-controlled glasshouses across the United States, enabling year-round local supply and pesticide-free produce through integrated pest management, including biological controls. Since its founding in 2011, Gotham Greens has expanded from a single urban rooftop greenhouse in Brooklyn to a large hydroponic producer with multiple locations and products sold in thousands of grocery stores. The company emphasizes sustainability and responsible farming practices and holds certification as a B Corporation, reflecting its focus on people and the planet.

Verde Farms

Venture Round in 2020
Verde Farms, LLC is a producer of organic and grass-fed beef products, serving a diverse customer base that includes retail, wholesale, foodservice, and ingredient sectors. Established in 2004 and headquartered in Woburn, Massachusetts, the company offers an array of products such as ready-to-cook grinds, patties, steaks, roasts, marinades, and ready-to-eat options like beef hot dogs and roast beef. Verde Farms supplies its products through online retailers and collaborates with wholesale meat distributors and grocery chains across major cities, including Boston, Chicago, Seattle, Los Angeles, and New York City. The company also operates a processing facility in Mullica Hill, New Jersey.

Nutriati

Series C in 2019
Nutriati is a company based in Henrico, Virginia, founded in 2013 that specializes in the research, development, production, and commercialization of plant-based food products. The company produces gluten-free chickpea protein and chickpea flour, which are designed to meet consumer demand for high-protein and non-allergenic foods. These functional ingredients are used in a variety of applications including bread, baked goods, pasta, sauces, snacks, and plant-based meat alternatives. Nutriati's products cater to the clean taste profile and functional performance demanded by consumer packaged goods companies.

Vital Farms

Private Equity Round in 2019
Vital Farms, founded in 2007 and based in Austin, Texas, is an ethical food company specializing in pasture-raised products. The company offers a variety of items including shell eggs, butter, hard-boiled eggs, ghee, liquid whole eggs, and egg bite products. Vital Farms is committed to providing nutritious food for consumers, differentiated products for partners, attractive economics for farmers, responsible land use for communities, and ethical living conditions for animals. The company's operations are guided by a commitment to Conscious Capitalism, ensuring long-term benefits for all stakeholders, including farmers, suppliers, customers, the environment, and employees.

MycoTechnology

Series C in 2019
MycoTechnology is a food technology company based in Aurora, Colorado, that specializes in utilizing fungi-based food-processing platforms to enhance the flavor and nutritional value of agricultural products. Incorporated in 2013, the company addresses challenges in the food, beverage, and flavor industries through innovative solutions. One of its key products, ClearTaste, is an all-natural, GMO-free, organic bitter blocker that is both Kosher and Halal certified, designed to improve the flavor profile of various agricultural offerings. Additionally, MycoTechnology engages in the fermentation of agricultural products using gourmet fungi, producing items such as myceliated chocolate and enhanced coffee beans. The company also develops and licenses technology aimed at naturally improving the flavor characteristics of robusta and arabica coffee, thereby enabling food producers to incorporate healthier ingredients and strengthen brand association.
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