![Exclusive: Almond milk maker Califia raises $225 million, on coattails of Beyond Meat IPO]( "Exclusive: Almond milk maker Califia raises $225 million, on coattails of Beyond Meat IPO")
The Los Angeles-based company said on Tuesday its latest funding was led by Qatar Investment Authority and included Temasek Holdings, Canada-based Calridge, Hong Kong’s Green Monday Ventures and a Latin America based family with big interests in coffee and consumer products. The investor rush into plant-based milk comes as cow milk consumption is falling, partly due to health and environmental reasons, leading to two of the largest dairy producers in the United States – Dean Foods and Borden Dairy Company – filing for bankruptcy protection in the past two months.
