Açaí superfood brand Sambazon has secured a $45 million investment from NextWorld, a San Francisco-based investment partnership, as it looks to continue its exponential growth.
Based in San Clemente, California, Sambazon offers a range of organic and vegan food and beverages made with açaí – a high-antioxidant berry that grows in the Amazon Rainforest. These include ready-to-eat açaí bowls, frozen superfruit packs, sorbet, energy drinks, juices and frozen desserts.
Founded in 2000, Sambazon is an acronym for “Sustainable Management of the Brazilian Amazon” and invests a percentage of its fruit purchases directly back into local communities to support farmers.
The US company has a national presence across the natural and conventional grocery channels, retail stores and a growing food service business; as well as international distribution in more than 45 countries.
In the past year, Sambazon said it grew over 20% as consumers prioritised healthy superfoods in creative and convenient formats.
Following the investment, David Fife – a partner at NextWorld – will join the Sambazon board of directors. NextWorld has previously invested in Peet’s Coffee & Tea, Alter Eco and Van Leeuwen Ice Cream.
“We are proud to join with the Sambazon team for the next phase of the company’s growth,” said Fife. “Sambazon is a market leader built around a deep sense of purpose, innovative açai products, a large addressable global market and a long-term commitment to leveraging their strong growth in the CPG marketplace to build a larger omnichannel brand.”
Sambazon CEO and founder, Ryan Black, added: “We have seen excellent growth this year and are excited to have NextWorld joining us. It is rare to find a firm that combines best in class consumer experience with a proven philanthropic track record. I have not seen an investment firm more committed to balancing profit and purpose.”
© FoodBev Media Ltd 2021
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