The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Better-for-you snack brand SkinnyDipped has raised $12 million in a Series A round, set to facilitate the brand’s expansion and innovation. SkinnyDipped says the round – which reached capacity earlier than expected – is unique as it is composed of individual investors. The raise was backed by Amy Schumer, Mark Wahlberg, Post Malone, Tan France and others. The strategic investment round is in tandem with the brand’s arrival into new retailers such as Costco and Publix. The brand says it will use the funding to continue ongoing retail expansion, support philanthropic efforts and drive innovation as the brand readies itself to move into new spaces over the coming months. Breezy Griffith, CEO and founder of SkinnyDipped, said: "Our journey to this milestone has been challenging, energising and full of passion from all involved. But the real gift has been my discovery of just how much consumer, industry and investor sentiment exists for SkinnyDipped, for which I'm so grateful and proud. Our eclectic and diverse portfolio of investors blows my mind – from A-list artists to uber-athletes – there's just this crazy love for the brand across the board.” David Grutman, the entrepreneur who led the round, added: "I am really impressed by what Breezy and Val and the SkinnyDipped team have achieved. What they've created is amazing. They make the best snacks ever, first of all, and they continue to impress me with all sides of the business. I'm excited to lead this round, and I'm even more excited for what these investors and I are about to do together."