Good Culture LLC in Irvine closed a $3 million Series B round from three investors.
The maker of organic cottage cheese said the money comes from existing strategic investors CAVU Venture Partners in New York and 301 Inc. in Minneapolis, and a new investment from Anders Eisner, chairman of the company.
Eisner and Chief Executive Officer Jesse Merrill founded the food company about two years ago to make sweet and savory cottage cheeses. It’s sold in about 700 stores around the U.S. Eisner is the son of Michael Eisner, former chief executive of The Walt Disney Co. in Burbank.
CAVU Venture and 301 Inc. provided $2.1 million in seed funding to the company in March.
CAVU Venture invests $1 million to $30 million in consumer goods makers that make “better-for-you” products.
301 Inc. is the venture arm of consumer-foods maker General Mills in Golden Valley, Minn., which had sales of $18.7 billion in its most recent fiscal year. The venture arm invests in startups that make healthy foods and provides sales, marketing, and supply chain strategy to Good Culture.
The startup is targeting the $1.1 billion cottage cheese market and young, fitness-minded consumers.
—Michael de los Reyes
