The startup, founded in 2019, uses 16 key nutrients to improve cognitive health in every region of children’s developing brains. Cerebelly’s product line includes a variety of organic, clean label puree pouches and Smart Bars snacks.
“We are extremely proud to have been able to raise our next round of investment in this market environment,” said Greg Shearson, Cerebelly’s Chief Executive Officer. “Over the past three years, we have consistently grown exponentially. And we remain bullish on our share growth and household penetration opportunities. When a consumer becomes aware of our nutritional benefits, their loyalty and commitment to our brand is at an all-time high.”
Funding from the round will go towards product development, global retail growth and brand and digital marketing. Other investors included H Venture Partners, Imaginary Venture Capital Partners, Babybelly LLC and Redcap Investments LP.
The funding round closes just weeks after Cerebelly announced plans to launch in nearly 700 Walmart locations nationwide, expanding its current retail distribution that includes Whole Foods Market, Meijer, Kroger and Target.
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