Rich Boragno

CFO

Deven Clemens

Managing Partner

8 past transactions

The Honest Kitchen

Venture Round in 2022
We make our foods with only real, thoughtfully sourced ingredients using the same quality and safety standards as healthy people foods. From eggs and salmon to pumpkin and parsley, we only use wholesome ingredients you can recognize and pronounce. The Honest Kitchen was established in 2002 in San Diego, California.

Rumpl

Venture Round in 2018
Rumpl applies technical materials to everyday blankets for indoor and outdoor use.

Milk Stork

Seed Round in 2018
Milk Stork is the first breast milk shipping company. Milk Stork was inspired by all the breastfeeding super moms who work, travel, and love their babies like crazy. The reality is that most moms are working moms. And, for moms who return to work after maternity leave, the commitment to breastfeeding comes with numerous daily challenges. As working moms, we are faced with enough tradeoffs and compromises. Providing our babies with the best possible nutrition — breast milk — shouldn’t have to be one of them. That’s why I created Milk Stork.

BioLite

Series C in 2017
BioLite is a dynamic, rapidly growing, and profitable social enterprise that develops, manufactures and markets consumer energy products for off-grid communities around the world. Over the last three years, our team has tripled, and sales have doubled each year. Their business serves two distinct markets: 1) developing world families living in energy poverty, and 2) outdoor enthusiasts seeking fuel-independent cooking and power. They address these markets simultaneously through parallel innovation: by incubating core technologies that can serve users in both markets, they are able to re-invest near-term revenue to solve long-term, high-impact problems. Developing World: Half the planet still cooks on indoor open wood fires and the toxic smoke they emit kills nearly 4 million people every year, twice as many as malaria. BioLite has developed an advanced, affordable, clean- burning stove that combines unprecedented emissions reductions with economically valuable electricity generation. The HomeStove™ is capable of reducing indoor smoke by more than 90% while cutting fuel use in half. By providing their largely off-grid customers with the ability to charge cell phones and LED lights, our stoves create economic incentive for purchase and continued use, ensuring sustainable delivery of their health and environmental benefits.

BioLite

Series B in 2015
BioLite is a dynamic, rapidly growing, and profitable social enterprise that develops, manufactures and markets consumer energy products for off-grid communities around the world. Over the last three years, our team has tripled, and sales have doubled each year. Their business serves two distinct markets: 1) developing world families living in energy poverty, and 2) outdoor enthusiasts seeking fuel-independent cooking and power. They address these markets simultaneously through parallel innovation: by incubating core technologies that can serve users in both markets, they are able to re-invest near-term revenue to solve long-term, high-impact problems. Developing World: Half the planet still cooks on indoor open wood fires and the toxic smoke they emit kills nearly 4 million people every year, twice as many as malaria. BioLite has developed an advanced, affordable, clean- burning stove that combines unprecedented emissions reductions with economically valuable electricity generation. The HomeStove™ is capable of reducing indoor smoke by more than 90% while cutting fuel use in half. By providing their largely off-grid customers with the ability to charge cell phones and LED lights, our stoves create economic incentive for purchase and continued use, ensuring sustainable delivery of their health and environmental benefits.

Fireclay Tile

Seed Round in 2013
Fireclay Tile is a leading ceramic tile company using recycled materials and sustainable manufacturing practices. Its products include bathroom tile, kitchen tile, floor tile, and subway tile, that are durable, as well as colorful that enable customers to design their home with glass and brick tiles in various patterns, colors, and design.

The Honest Kitchen

Private Equity Round in 2011
We make our foods with only real, thoughtfully sourced ingredients using the same quality and safety standards as healthy people foods. From eggs and salmon to pumpkin and parsley, we only use wholesome ingredients you can recognize and pronounce. The Honest Kitchen was established in 2002 in San Diego, California.

Manitoba Harvest

Venture Round in 2001
Manitoba Harvest is the hemp food manufacturer and a leader in the natural foods industry. It produces, manufactures, markets and distributes a broad-based portfolio of hemp-based consumer products, which are sold in over 16,000 stores at major retailers across the U.S. and Canada.
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