JACS Capital, the family office of former GE CEO and investor Jeff Immelt, led the $3 million Series A funding round for Poppy Handcrafted Popcorn. The company also announced the appointment of Jeff Immelt to its Advisory Board and the addition of Chris Renno to its Board of Directors.
The all-natural gourmet popcorn company has completed its Series A funding round, led by Co-CEOs Susan Aplin and Ginger Frank, who also founded the brand. The funding comes at an important time for the company, which has seen 150% YOY demand growth each year since 2018.
Poppy will be able to more than double its current manufacturing space and invest more than $2 million in new equipment and technology thanks to the funding round. The planned expansion will more than double production capacity and create new jobs in the local WNC economy.
Poppy Handcrafted Popcorn’s mission is to create PURE. SIMPLE. POPCORN HAPPINESS. Launched in 2014, Poppy Handcrafted Popcorn is reimagining the way gourmet popcorn is produced and flavored. The company has a small batch approach using high-quality, simple, natural ingredients (including non-GMO corn) from as close to home as possible.