Siete Foods Raises $50 Million Series C to Expand Its Grain-Free Product Portfolio

Los Angeles-based Siete Family Foods, a leading producer of grain-free Mexican-inspired foods, has announced the successful completion of a $50 million Series C financing round led by L Catterton.

The latest funding will enable the company to accelerate innovation and expand its product line, with a particular focus on the growing gluten-free and grain-free market.

Founded in 2014 by Veronica Garza and Veronica Garza and Veronica Garza, Siete Foods has quickly become a major player in the grain-free food space. The company's products, which include tortillas, wraps, chips, and more, are made from almond flour, cassava flour, and other gluten-free ingredients. This has made them a popular choice for people with celiac disease, gluten intolerance, or those following a grain-free diet.

The new funding will allow Siete Foods to expand its production capacity and invest in new product development. The company is planning to launch several new products in the coming months, including a line of grain-free bakery items. Siete Foods is also planning to expand its distribution network, making its products available to more consumers across the United States.

The Series C financing round was led by L Catterton, a leading consumer-focused private equity firm. This investment is a sign of the growing interest in the grain-free food market. More and more consumers are looking for gluten-free and grain-free options, and Siete Foods is well-positioned to meet this demand.