PowerPlant Partners, known for backing plant-based food and beverage brands, has announced the final closing of its third fund at $330 million.

PowerPlant Ventures III (PPV Fund III) will continue to invest in consumer brands that are “better for people and the planet,” focusing solely on growth-stage companies.

PPV Fund III will invest between $15 million and $40 million in target companies. The fund has already made four investments in health and sustainable food and beverage companies, including Miyoko’s Creamery, Liquid Death, Partake Brewing and Systm Foods.

“We are thrilled to receive such strong support and commitment from our limited partners, especially during a period of increased market volatility,” said Dan Gluck, co-managing partner of PowerPlant Partners.

“This new fund will allow us to deepen and grow our efforts to find, fund and scale breakthrough companies that are building a healthier, more sustainable future.”

PowerPlant Partners has announced it is expanding its strategic focus beyond food and beverage products to also include consumer technology, service and enablement companies that are aligned with people and planetary health megatrends.

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