Who We Are
BFG is a venture capital firm that seeks partnerships with early stage food and beverage consumer product companies. We work alongside exceptional entrepreneurs to ensure the business is able to deliver sustainable growth and outperform its competitors. In addition to providing our portfolio companies with capital, BFG provides teams with the advice most needed to make critical decisions and maximize opportunities. This advice spans operational strategy, tactical marketing, channel development, organizational design and capital planning.
What We Look For
We look to invest alongside passionate founders with an exceptional product(s), a disruptive and distinguished brand, and a clearly defined strategy. BFG seeks partnerships with organizations that are making positive environmental and social contributions, both locally and globally.
Prospective investments should include:
- Organic, non-GMO, and better-for-you products
- Have achieved or have a line of sight to achieving $1mm in trailing 12 month sales
Why We’re Different
We know the challenges associated with building brands and differentiated products. Our team’s leadership, background and network help our portfolio companies drive growth. Our portfolio companies have access to our network of industry partners with deep expertise in brand building, sales, marketing, operations, personnel recruitment, finance and strategy.
People. Product. Brand. Strategy.
The BFG Team
Founder & Managing Partner
Founder and Managing Partner of Boulder Food Group, Tom previously co-founded EVOL Foods and was the COO of Bear Naked Granola. Under Tom’s management, both businesses were successfully sold to public companies.
In addition to his role at BFG, Tom proudly serves on the board of directors of three non-profit organizations including Chef Ann Foundation, Just Label It and Growe Foundation. Chef Ann Foundation and Just Label It are focused at the national level on critical food related issues. The Growe Foundation works with Boulder Valley elementary schools to provide learning opportunities in school gardens. Tom is also the co-founder of the 929 Non-Profit Summer Series which takes place in Boulder, CO each summer. The event series benefits at least five non-profits each year and raises funds on their behalf.
Tom was born and raised in Santa Fe, NM. He attended Santa Fe Preparatory School and then Vanderbilt University where he graduated Magna Cum Laude with honors and dual degrees in Economics and Spanish. Tom lives in Boulder, CO with his wife and family.
Los Angeles, CA
Dayton previously co-founded Function, a venture-backed health and wellness beverage company, which Dayton built from idea-conception to $20 million in retail sales until its acquisition by Sunsweet Growers, Inc. Prior to Function, Dayton was an executive in the strategy group at The Walt Disney Company where he worked for over seven years focusing on mergers & acquisitions and operating strategy. Dayton began his career as an analyst in investment banking and spent time as a management consultant for Bain & Co. Dayton serves on the Board of Directors for the Harvard Business School Alumni Association of SoCal and also serves on the Leadership Council of the Fulfillment Fund, an LA non-profit focused on underprivileged youth and education. Dayton was born and raised in Baltimore, MD where he attended McDonogh School. Dayton received his BA from Vanderbilt University and his MBA from Harvard Business School.
Previously Ben worked at The Yucaipa Companies, a private equity and venture capital firm founded by Ron Burkle focused on middle market companies and growth capital. In addition, Ben spent five years working in New York for the hedge funds Hutchin Hill Capital and Oak Hill Advisors. He began his career in investment banking at UBS focusing on mergers & acquisitions. Ben was born and raised in Philadelphia, PA and attended Choate Rosemary Hall in Wallingford, CT. Ben received his BA from Duke University and lives in Boulder, CO where he is also a competitive triathlete.
Previously Tyler was employee number three at MicroBiome Therapeutics, a natural supplement startup in Boulder, CO focused on improving health status by interacting with the human microbiome. Tyler graduated magna cum laude from Occidental College in Los Angeles and lives in Boulder, CO. Tyler currently holds a Board seat for BFG Portfolio Company Fat Sanx, and serves as Board Observer to Cartograph and CAULIPOWER.
Los Angeles, CA
Prior to joining BFG, Elizabeth worked in management consulting at The Parthenon Group and Parthenon-EY. In Parthenon’s Boston office, Elizabeth focused on performing commercial due diligence for private equity firms and advised corporate clients in the consumer, education and technology sectors. Elizabeth was born and raised in the Boston area. She attended Deerfield Academy and Yale University where she received her BA in Eastern European Politics. Outside of the office, Elizabeth is an avid cook, amateur runner and lifelong skier.
Before joining Boulder Food Group, Meg worked in marketing and communications for Leaf Global Fintech in Denver. Much of her previous experience has been in sustainable food systems and agriculture. Raised in Charlottesville, VA, Meg graduated magna cum laude from Sewanee: The University of the South with a degree in environmental policy and business. She likes to spend her time outside of the office hiking, trail running, and visiting local farmers markets.
New York, NY
Michelle Brooks is the Treasurer of Chobani. Prior to her current role, Michelle was a Managing Director of Arlon, a middle-market private equity food and agriculture investment firm with a global network that supports investments across the entire food supply chain in the Americas. At Arlon, she oversaw the investment process and the management and support of Arlon’s portfolio companies. In this capacity, she served on the boards of Kettle Cuisine, Wholesome Sweeteners and Door to Door Organics, and she continues to chair the board of Idaho Pacific Holdings. Michelle previously worked for Weston Presidio, a middle market private equity firm that raised approximately $3.3 billion across five funds, for eleven years, where she was responsible for leading due diligence and investment execution in a variety of sectors. Michelle also serves as a Director of Vitamin Angels, a not-for-profit organization that provides nutritional supplements to over 60 million women and children around the world. Michelle was born and raised in Pensacola, FL. Michelle received her BA with honors from Harvard University and her MBA with distinction from Harvard Business School.
New York, NY
Ben is a Managing Principal of Arlon, a middle-market private equity food and agriculture investment firm with a global network that supports investments across the entire food supply chain in the Americas. At Arlon, he oversees the investment process and the management and support of the Arlon’s portfolio companies. Ben previously co-founded The Grow Network, which was sold to the McGraw-Hill Companies in 2004. Prior to The Grow Network, Ben was a Strategic and Financial Analyst for Continental Grain Company. In 2005, he was a National Finalist for the White House Fellowship. Ben serves on the Boards of K-Mac Holdings Corp., The Chia Company, Alico Incorporated, Grandpoint Capital, Inc. and Rose Displays Ltd. and is a Member of the Alumni Council of Collegiate School in New York City. Ben was born and raised in Brooklyn, NY. Ben received his BA, cum laude, from Princeton University.
Nimble Firm with Broad Reach
BFG is strategically aligned with some of the most prominent names in food and agriculture:
Arlon Group is a food and agriculture investment firm with a global network that supports investments across the entire food chain in the Americas. By specializing in food and agriculture, Arlon is uniquely positioned to understand the various challenges and opportunities food and agriculture businesses face. Through its principals and portfolio companies, Arlon has relationships with major food retailers, brokers, and distributors, in addition to deep penetration in food-service channels.
Rabobank is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 40 countries worldwide. Founded over a century ago, Rabobank today is one of the largest banks in the world, with nearly $1 trillion in assets, and ranks among the 10 safest banks globally. In the Americas, Rabobank is a premier bank to the food, agribusiness and beverage industry, providing sector expertise, strategic counsel and tailored financial solutions to clients across the entire food value chain.
Barnana manufactures healthy, dehydrated banana snacks and coated banana snacks. All products are non-GMO verified and certified USDA organic. Barnana is based in Los Angeles, California.
Bear Naked is a packaged foods company that produces granola, granola bars and ready to eat cereal. Bear Naked was purchased by Kashi, a subsidiary of Kellogg’s in 2007. Bear Naked is based in Battle Creek, Michigan.
Birch Benders is a gourmet pancake and waffle mix company made by just adding water. All products are non-GMO, certified Kosher and certified organic. Birch Benders is based in Denver, Colorado.
Bobo’s creates oat bars from wholesome ingredients. Started in 2003, by a daughter and mother, Bobo’s has continued to bake their bars by hand and to perfection. With over 15 varieties of flavors, each bar uses 100% organic whole grains and is vegan, gluten free and non-GMO. Every bar is baked with love in Boulder, CO.
Cartograph is an eCommerce focused agency that helps food brands sell their products on Amazon. They support brands with strategy, pricing, SEO, advertising, and operations and logistics. Cartograph is based in Austin, TX.
CAULIPOWER reinvents our favorite foods to be naturally nutritious, righteously delicious and accessible to all. CAULIPOWER products use cauliflower, resulting in nutrient-rich, naturally gluten-free options lower in calories, sugar, sodium and fat than traditional offerings. Innovating a new market category by making convenient options that taste like conventional recipes easily available, CAULIPOWER proudly supports OneSun, a non-profit creating edible gardens at underserved schools across the country. CAULIPOWER is based in Los Angeles, CA.
Chameleon Cold Brew
Chameleon Cold-Brew is a revolutionary way to drink and enjoy coffee. It’s cold brewed for more than 16 hours at a low temperature to produce a super smooth, less acidic, extra caffeinated coffee concentrate. All products use 100% organic Fair Trade Certified Arabica coffee and filtered water. Chameleon Cold-Brew is based in Austin, TX.
EVOL manufactures and markets premium frozen convenience foods with a focus on pure and simple ingredients. EVOL was purchased by Boulder Brands in 2013. EVOL is based in Boulder, Colorado.
Fat Snax creates low carbohydrate, low sugar, snack offerings that are fat-filled to fit keto diet principles. Found in 2016, they are dedicated to creating better-for-you products that help satisfy a sweet tooth, so you can have your brownie and eat it too! Fat Snax is based in Brooklyn, NY. FAT YEAH!
Good Day Chocolate
Good Day Chocolate makes “chocolate with benefits” for busy adults. Candy coated for convenience, choose your benefit and have a Good Day! Headquartered in Boulder, Colorado.
Headquartered in Boulder, CO, Green Spoon is a non-GMO and organic brokerage company operating primarily throughout the western half of the United States. Green Spoon is based in Boulder, Colorado.
Jot is out to transform any morning routine, afternoon lull or evening nightcap with its flagship product, Ultra Coffee: a liquid 20 times more concentrated than common coffee. Just one tablespoon of Ultra Coffee, plus a splash of water or milk (hot or cold), is all it takes to create an unforgettable at-home experience. Jot is based in Boulder, CO.
MALK Organics makes delicious organic cold-pressed nut milks. Each bottle of MALK is made with over one cup of organic nuts and contains six ingredients or less. Our milks use no fillers, binders, or emulsifiers. MALK is based in Houston, TX
Meati is on a mission to produce plant-based, sustainable protein that is both nutritious and widely accessible. They produce fungi-based meat made from mycelium, that is tender and delicious with all the protein found in animals, and all the fiber found in vegetables! Meati is based in Boulder, CO.
OHi Food Co. has created a fresh line of refrigerated, plant-based superfood bars made with high quality whole food ingredients that are non-GMO, vegan, paleo and free from gluten, grain, dairy, soy and refined sugars. We simply put in the best and leave out the rest! Here at OHi, we are passionate about providing nourishment to our communities, our ‘ohana, by spreading a little ALOHA one bar at a time! Founded on Maui, HI, OHi is now based in Los Angeles, CA
OLIPOP is the first clinically backed digestive health beverage that meets consumers’ real-world taste preferences in a delicious tonic that benefits the microbiome, digestive function and metabolic health. The Company is based in San Francisco, CA
Quinn is re-imagining classic foods by only using real ingredients, showing where they come from, and making it crazy delicious. Their innovative approach is cleaning up the snack category. Quinn Foods is based in Boulder, CO.
Skratch Labs’ mission is to provide people with the inspiration, life skills, and products to take better care of themselves and their families.
Truman’s offers four non-toxic home cleaners and refill cartridges that ship right to your doorstep, eliminating the single-use spray bottle and the confusion and markup of the retail shelf. The Industry is a mess, but somebody’s gotta clean it up! Truman’s is based in Louisville, Kentucky.
Launched in early 2019, ZitSticka™ is an evidence-based skincare brand focused squarely on acne treatments that target every stage of a zit’s lifecycle. ZitSticka‘s debut product, the KILLA™ patch, contains dermatologically backed ingredients and is layered with self-dissolving microdarts that disrupt the progression of upcoming, early-stage zits. The company is founded by brothers-in-law and human biology enthusiasts, Robbie Miller and Daniel Kaplan, and is based in New York, NY.
Fourth & Heart
Fourth & Heart grass-fed ghee uses the highest quality butter sourced from a cooperative of farms in New Zealand and comes in a variety of flavors for all your cooking needs. Whether you’re a foodie, home chef, or cooking novice we have a product for you. Fourth & Heart is based in Santa Monica, CA.
Send us a message
If you would like to contact us regarding your opportunity please send an email to email@example.com. Please include the following with your submission:
- Tell us why you believe your company is a good fit based on our investment criteria
- Provide a detailed presentation on the business
- Include historical financials and a budget for the current year (3 year plan is preferred)