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David Protein raises $250M Series B led by Greekoaks and Valor Equity Partners to expand into new markets including candy with HallPass brand.

PRIVATESep 13, 20261 day ago

Amount Raised

$250 Million

Round Type

Series B

New YorkBiotechnologyFood and BeverageHealth Care

Investors

Imaginary VenturesIconiqValor Equity PartnersGreekoaks

Description

David Protein, operating under parent company Medici Brands, closed a $250 million Series B funding round co-led by Greekoaks and Valor Equity Partners. The capital will fund expansion into adjacent categories, including the newly-launched HallPass candy brand. Additional investors in the round included Iconiq and Imaginary Ventures. David Protein has grown into one of America's fastest-growing CPG brands since launching in September 2024, now available in over 35,000 retail stores.

Company Information

Company

David Protein

Location

New York, New York, United States

About

David Protein specializes in innovative food technologies aimed at enhancing food products. The company is known for creating high-protein solutions and fat replacements. Its latest acquisition of Epogee positions it to expand its product offerings significantly.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

David Protein raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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