Fruitist
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Ray Dalio and JPMorgan Invest in Fruitist, the Billion-Dollar Berry Farm
Fruitist, a premium healthy snacking company known for its large blueberries, secured $150 million in funding led by J.P. Morgan Asset Management, valuing the company at over $1 billion. The funding will fuel expansion of its retail footprint and production capacity globally, particularly for its “Fruitist Snack Cups” and new ‘Legend’ blueberries. With total equity funding at $443 million, Fruitist, recognized as a CNBC Disruptor 50 company, plans to increase production to meet high demand and improve distribution via cold storage and automation. The company reported over $400 million in annual sales.
