Califia farms raises $225m

Events can be mean. After Dean Foods, USA largest milk processor filed for bankruptcy in November, it is now the turn of Borden, another processor. In the meantime, Califia farms, a well-known plant-based milk alternative startup raised $225m from investors.

The sharp decrease in milk sales in the US from $15 to $12 billion in the last 4 years has created a huge space for plant-based startups such as Califia farms or Oatly.

Califia farms just raised 225 million by attracting plant curious consumers 2

Why it matters?

This crossing of fates is quite telling when observed from Europe where plant-based milk alternatives have not risen as fast. Milk processors should seriously consider developing new plant-based alternatives products and entrepreneurs should look at this huge untapped market in Europe.

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