Siddhi Capital, a US-based food and drinks growth equity firm, has successfully raised $135m in its second fund, doubling the size of its initial fund closed in 2020. The company plans to invest this capital in growth-stage companies within the consumer and food tech sectors, focusing on fewer, larger investments and providing strong operational and strategic support through Siddhi Services.
Melissa Facchina, co-founder and managing partner of Siddhi Capital, emphasized the importance of innovation in meeting today’s health and wellness objectives, stating, “Siddhi is focused on investing in innovative solutions for both today and the future by putting the best talent in the industry to work inside of the companies we believe in.”
Siddhi Capital has already made investments in several US-based food brands, including Momofuku Goods, Black Sheep Foods, Magic Spoon, and Mid-Day Squares. Additionally, the company has ventured into the drinks market with investments in Aura Bora flavoured sparkling waters and Mooala dairy-free drinks.
One of Siddhi Capital’s most valuable investments was in Kencko fruit and vegetable smoothies in 2022, recognized as a significant beverage investment. The company, in collaboration with other partners including Cheyenne Ventures and Indico Capital Partners, made a $10m venture financing deal with Kencko, showcasing its commitment to visionary emerging and growth-stage F&B brands.
Siddhi Capital differentiates itself by providing operating expertise to assist the growth of its portfolio companies, offering a platform of in-house operational capabilities in manufacturing, procurement, warehousing, and logistics. This approach sets Siddhi apart as a key player in the food and beverage industry trends, driving innovation and growth in the sector.
