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Blueberry Ventures

North America, California, United States, Belvedere Tiburon

Description

Blueberry Ventures is a specialized venture firm with a distinct focus on the food and beverage industry, particularly investing in disruptive brands and innovative business models. Based in Belvedere Tiburon, California, the firm is spearheaded by Managing Partner Arif Fazal, an accomplished entrepreneur with a strong background in the consumer packaged goods (CPG) sector. Fazal's operational expertise, gained from founding and successfully exiting Bear Naked to Kellogg Company, underpins Blueberry Ventures' investment approach, offering portfolio companies not just capital but also strategic guidance and industry insights.

The firm's investment strategy centers on early-stage opportunities, typically participating in Seed and early Series A rounds. Blueberry Ventures seeks out companies that are poised to redefine categories or capture significant market share through unique product offerings and compelling brand narratives. Their portfolio reflects this targeted approach, featuring notable companies that have achieved significant traction in the health and wellness food space.

Blueberry Ventures has demonstrated its commitment to this niche by supporting several promising ventures. For instance, the firm was an early investor in Good Culture, a dairy brand that successfully raised a $2.1 million seed round, and Kettle & Fire, a bone broth company that secured a $1.2 million seed round. Other portfolio companies include Daily Harvest and MUSH, further illustrating their preference for direct-to-consumer and innovative CPG brands. The firm leverages Arif Fazal's deep operational experience to help these companies navigate growth, scale operations, and build strong consumer connections, making them a value-add partner beyond just financial investment.

Investor Profile

Blueberry Ventures has backed more than 20 startups, with 0 new investments in the last 12 months alone. The firm has led 0 rounds, about 0% of its total and boasts 6 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Food and Beverage, Organic Food, Plant-Based Foods.
  • Typical check size: $500K – $3M.

Stage Focus

  • Series A (25%)
  • Series B (25%)
  • Series Unknown (20%)
  • Series C (10%)
  • Seed (10%)
  • Series D (10%)

Country Focus

  • United States (100%)

Industry Focus

  • Food And Beverage
  • Organic Food
  • Plant-based Foods
  • Food Processing
  • Wine And Spirits
  • Organic
  • Brewing
  • Consumer Goods
  • Snack Food
  • Personal Health
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Blueberry Ventures frequently co-invest with?

CircleUp
North America, California, United States, San Francisco
Co-Investments: 4
AF Ventures
North America, New York, United States, New York
Co-Investments: 2
Finn Capital Partners
North America, California, United States, San Francisco
Co-Investments: 3
CC
North America, Massachusetts, United States, Needham
Co-Investments: 2
Monogram Capital Partners
North America, California, United States, Beverly Hills
Co-Investments: 3
Ecosystem Integrity Fund
North America, California, United States, San Francisco
Co-Investments: 2
GroundForce Capital
North America, California, United States, Los Angeles
Co-Investments: 7
Boulder Food Group ('BFG')
North America, Colorado, United States, Boulder
Co-Investments: 2
New Ground Ventures
North America, Connecticut, United States, Westport
Co-Investments: 2
Khosla Ventures
North America, California, United States, Menlo Park
Co-Investments: 2

Which angels does Blueberry Ventures often collaborate with?

JM
North America, Florida, United States, Miami
Shared Deals: 1
David Lee
North America, California, United States, Palo Alto
Shared Deals: 1
AG
North America, Nebraska, United States, Lincoln
Shared Deals: 1
GV
North America, New York, United States, New York
Shared Deals: 1
Dave Gilboa
North America, New York, United States, New York
Shared Deals: 1
JB
North America, California, United States, Beverly Hills
Shared Deals: 1
JZ
North America, California, United States, San Francisco
Shared Deals: 1
KK
North America, California, United States, Los Angeles
Shared Deals: 1
AM
North America, Massachusetts, United States, Boston
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Blueberry Ventures?

Flying Embers Hard Kombucha

Ojai, California, United States

Flying Embers is the first better-for-you alcohol platform that delivers great tasting beverages including kombucha, craft beer, & more.

Food and BeverageWine And Spirits
Series BNov 21, 2019
Amount Raised: $25,000,000
Fermented Sciences

Ojai, California, United States

Fermented Sciences makes handcrafted organic hard kombucha products with probiotics and botanical adaptogens.

BrewingFood and BeverageOrganicWine And Spirits
Series BNov 20, 2019
Amount Raised: $25,000,000
Biena Snacks

Boston, Massachusetts, United States

Biena Snacks is a snack food company that specializes in deliciously crunchy and healthy plant-based snacks.

FitnessFood and BeverageHospitalityPlant-Based FoodsSnack Food
Series BAug 14, 2019
Amount Raised: $8,000,000
4th & Heart

Los Angeles, California, United States

4th & Heart is an artisan producer of organic ghee, or clarified butter.

Consumer GoodsFood and BeverageOrganic Food
Series CJul 3, 2019
Amount Raised: $7,600,000
Right Rice

San Francisco, California, United States

RightRice provides a tasty rice grain that's made from vegetables.

Food and BeverageHerbs and SpicesOrganic FoodRetail
Series UnknownMar 4, 2019
Amount Raised: $5,500,000
Vive Organic

Venice, California, United States

Vive Organic is an organic, function focused line dedicated to providing the highest quality wellness shots.

Food and BeverageOrganic FoodWellness
Series ANov 1, 2018
Amount Raised: $7,000,000
Bonafide Provisions

Carlsbad, California, United States

Bonafide Provisions is a family-run company sells organic frozen bone broth using traditional cooking methods.

Food and BeverageOrganicOrganic Food
Series UnknownJul 13, 2018
High Brew Coffee

Austin, Texas, United States

High Brew Coffee helps farmers achieve greater profitability with less environmental impact.

BrewingCoffeeFarming
Series CMay 16, 2018
Amount Raised: $20,000,000
Austin Eastciders

Austin, Texas, United States

Austin Eastciders is a beverages company, dedicated to make America fall in love with cider.

BrewingFood and BeverageWine And Spirits
Series UnknownOct 12, 2017
Amount Raised: $5,000,000
Biena Snacks

Boston, Massachusetts, United States

Biena Snacks is a snack food company that specializes in deliciously crunchy and healthy plant-based snacks.

FitnessFood and BeverageHospitalityPlant-Based FoodsSnack Food
Series AJun 14, 2017