SAN FRANCISCO — Tia Lupita Foods has closed a seed round of $2.6 million, emphasizing demand for the product portfolio and rapid expansion into major retailers across the nation.
The entire round was raised by Mexican investment entities and led by Santatera Capital and GBM Ventures, strategic funds with established track records in the food and beverage and consumer products sectors.
“With this large capital infusion, we plan to grow our team, accelerate new product development, and expand into new markets,” said Hector Saldivar, founder of Tia Lupita Foods.
Since securing an investment from Shark Tank’s Kevin O’Leary earlier this year, the better-for-you Mexican food brand has been able to capture an audience on a national level.
Tia Lupita’s products are available at Whole Foods Market, Publix, HEB, Sprouts Farmers Market, Target, Walmart, Albertsons and other grocery stores.
