Medici Brands raises $250m Series B to extend David and HallPass
Greenoaks and Valor Equity Partners co-led the round to expand Medici’s consumer-food portfolio.
Medici Brands announced its $250 million Series B on September 2. Greenoaks and Valor Equity Partners co-led, joined by Peter Rahal, Imaginary Ventures and ICONIQ. The company plans to expand HallPass’s retail presence and product range and extend David into new formats and categories.
The group will invest in product innovation and infrastructure for launching additional brands, including Rowdy. Existing distribution across more than 35,000 retail locations gives it a base for the expansion.
Use of funds
Expand HallPass retail presence and product range
Extend David into new formats and categories
Advance product innovation
Build infrastructure to launch and scale brands including Rowdy