OWYN (Only What You Need), a brand in plant-based protein beverages and other functional nutrition products, has closed a growth investment round led by Purchase Capital with participation from Hammock Park Capital and existing investor PowerPlant Ventures.
Terms of the deal have not been disclosed.
The news follows the acquisition of a majority ownership stake in OWYN last year by United Nutritional Brands, an affiliate of Purchase Capital—an investment firm led by Nicholas J Singer that provides patient capital for private and public companies. Proceeds of this latest funding round will be deployed to drive national expansion, increase distribution across top national retailers, grow OWYN’s online presence and eCommerce platform, and expand its advertising and marketing efforts.
OWYN’s plant-based protein beverages contain only all-natural ingredients and are free from the top eight allergens.