CDVCA backs snack maker 88 Acres for third time in impact-driven bet
What's the deal? The Community Development Venture Capital AllianceDealroom has a profile for this one. Try Dealroom → (CDVCA) has made its third investment in 88 AcresDealroom has a profile for this one. Try Dealroom →, a Canton, Massachusetts snack maker led by co-founders Rob DaltonDealroom has a profile for this one. Try Dealroom → and Nicole LedouxDealroom has a profile for this one. Try Dealroom →. CDVCA co-invested through its Coastal VenturesDealroom has a profile for this one. Try Dealroom → V fund, as it did in the earlier rounds.
What does the company do? 88 Acres makes allergy-friendly snacks from sustainable ingredients. It employs a significant number of workers in a community facing high unemployment, according to CDVCA.
Why now? The round builds on initial investments in 2023 and 2024. The new capital supports 88 Acres' strategic expansion and product development.
What's the endgame? For CDVCA, the goal is a double bottom line: financial returns plus community impact. The investor said it aims to advance "impact-driven entrepreneurship that generates meaningful employment opportunities for underserved populations."
The signal: A third commitment to 88 Acres shows impact-focused consumer brands can attract repeat institutional capital. CDVCA has deployed multiple funds totaling more than $350 million into businesses in low-income or underserved markets, and has a track record of following on when portfolio companies show growth. The move points to healthier snacks and mission-driven CPG maturing into a scalable asset class rather than a niche philanthropy play.
Read more: CDVCA
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