Funding to Fuel Product Innovation, Brand Expansion, and Retail Partnerships Across Gut Health, Recovery, and Sleep

BOULDER, Colo.–(BUSINESS WIRE)–NextFoods Inc., parent company to science-backed functional nutrition companies Cheribundi and GoodBelly, today announced the close of its $10 million Series 3 funding round led by ECP Growth (“ECP”), a leading growth stage investment firm that partners with entrepreneurial businesses creating products, solutions, and technologies across the consumer value-chain.

NextFoods’ flagship brands, GoodBelly and Cheribundi, deliver accessible, science-based solutions for everyday wellness. The new capital will accelerate innovation of products in high-growth functional wellness categories— gut health, muscle recovery, and sleep—while expanding brand presence through national retail partnerships and marketing.

“Consumers are increasingly prioritizing gut health, sleep, and muscle recovery,” said Marc Seguin, CEO of NextFoods. “This investment gives our team the fuel to execute at full speed: expanding distribution, accelerating our innovation roadmap, and deepening our commitment to retail partners. With strong category tailwinds and exceptional momentum across both GoodBelly and Cheribundi, we’re entering our next phase of growth.”

“NextFoods is redefining functional wellness with scientifically supported products that fit seamlessly into consumers’ lives,” said Marcel Bens, CEO of ECP Growth. “With two strong brands, each with a deep innovation pipeline, the company is poised for long-term success. We’re excited to continue supporting Marc and the NextFoods team as they scale their platform and strengthen leadership in the functional wellness category.”

About NextFoods
NextFoods is leading the next generation of whole-body health with science-backed, natural nutrition that fits seamlessly into everyday life. As the parent company of Cheribundi and GoodBelly, we create innovative functional food and beverage solutions that support gut health, recovery, and sleep. Founded in 2006 and headquartered in Boulder, CO, our products are trusted by elite athletes and everyday consumers alike and sold nationwide in 20,000+ retailers and online. Learn more at cheribundi.com and goodbelly.com.

About ECP Growth
ECP Growth is a growth stage investment firm that partners with entrepreneurial businesses creating products, solutions, and technologies across the consumer value chain. ECP Growth takes a thematic approach to investing in companies that sit within resilient categories and have attractive growth fundamentals, with a goal of long-term value creation. For more information, please visit www.ECPgrowth.com

Contacts

NextFoods
Lella Rafferty
CMO, NextFoods
lella.rafferty@nextfoods.net
917-273-9286

ECP Growth
Marissa Foray
ECP Growth
m.foray@ecpgrowth.com
203-321-5461

Kate Thompson / Heather Milke
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

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