By Monica Watrous – FoodBusinessNews.net – Photo: Siete Family Foods.
Austin, Texas — Siete Family Foods has raised $90 million in new funding through a minority investment led by Stripes Group, a New York-based growth equity firm. Founded in 2014, Siete Family Foods produces a range of grain-free tortillas and tortilla chips, plant-based queso, and hot sauces that are sold in more than 4,400 retail outlets across the country. The latest funding will be used to support new product development and distribution. The company also plans to expand its staff from 40 full-time employees to nearly double that in 2019.
