Florida based Vintage Italia has secured a new funding of $3m to accelerate its Pasta Chips brand’s growth and also to launch new pasta product lines.
The new funding round saw participation from Advantage Capital Agribusiness Partners (ACAP) along with Vintage Italia’s previous investors Silas Capital and Emil Capital Partners.
Pasta Chips is claimed to offer a baked alternative to the regular potato chips by using higher protein grains like farro to increase the nutrient value of the chips.
Vintage Italia is also looking to increase the distribution of Pasta Chips range to large retailers such as Costco, Walmart and Safeway.
Advantage Capital principal Tyler Mayoras said:"Pasta Chips has been setting a new standard for products in the better-for-you snack aisle since the brand's launch in 2013.
"This is a company that is innovating the snack brand marketplace and proving that baked chips can be regionally inspired, healthy, and tasty."
Pasta Chips offer Italian inspired snacks that are claimed to be made from durum wheat semolina flour and baked as a better-for-you snacking alternative.
Pasta Chips founder and CEO Jerry Bello said: "At Pasta Chips we are recreating the pasta aisle in snack form using only fresh pasta dough and quality ingredients for a crispy, better-for-you dip and chip option.
"We wanted to create Pasta Chips as a healthier alternative to the tasteless and overdone options in the deli aisle. We're dedicated to innovating new products to offer our consumers premium ingredient, gourmet taste, and snack food products that have a greater focus on nutrition."
Last year, Vintage Italia raised funds from Silas Capital to grow its Pasta Chips brand.
