Califia Farms

Califia Farms is a distinguished player in the dairy alternatives industry, known for its extensive range of plant-based beverages. Headquartered in Los Angeles, California, the company has carved a niche for itself with a strong commitment to quality, sustainability, and innovation.

Location and Facilities

Califia Farms is based in Los Angeles, California, which serves as its corporate headquarters. The company's main production facility is located in Bakersfield, California, an area known for its rich agricultural heritage. This strategic location allows Califia Farms to source high-quality almonds directly from local farms, ensuring the freshness and quality of its products.

Financial Indicators

Califia Farms has shown robust financial growth over the past few years. In January 2020, the company raised $225 million in a Series D funding round led by the Qatar Investment Authority (QIA). This funding significantly bolstered the company's valuation, pushing it to an estimated $1 billion as of the latest financial reports. With these financial resources, Califia Farms has been able to expand its product range and market reach effectively.

Significant Events

Several key events have marked the journey of Califia Farms:

• 2010: Califia Farms was founded by Greg Steltenpohl, a visionary entrepreneur with a passion for sustainable and healthy food products.
• 2018: The company introduced its popular line of oat milk products, which quickly became a market favorite due to their creamy texture and nutritional benefits.
• 2020: Califia Farms successfully completed a $225 million Series D funding round, one of the largest funding events in the plant-based food sector.
• 2021: The company announced plans to expand its product lineup to include new plant-based creamers, ready-to-drink coffees, and other innovative offerings.

Management Team

The success of Califia Farms can be attributed to its experienced and dedicated management team:

• Greg Steltenpohl: Founder and Executive Chairman (Until his passing in March 2021)
• Dave Ritterbush: CEO (Appointed in April 2021)
• Suzanne Ginestro: Chief Marketing Officer
• Sanjay Aggarwal: Chief Financial Officer

Company Plans

Califia Farms has ambitious plans to continue its growth trajectory:

• Product Expansion: Introduction of new plant-based products, including yogurts, cheeses, and protein drinks.
• Global Expansion: Increasing market presence in Europe and Asia, leveraging partnerships and localized production to meet international demand.
• Sustainability Initiatives: Committed to reducing its carbon footprint through sustainable sourcing practices and eco-friendly packaging innovations.
• Innovation: Investing in research and development to continually improve product quality and nutritional value.

Califia Farms stands as a testament to the growing consumer demand for sustainable, health-focused alternatives in the beverage industry. With a strong foundation and ambitious vision, the company is poised to make significant strides in the global market.

Modified: 2025/02/05

---