Dr. Sears Family Essentials Secures $5.6 Million in Funding
--Capital Raise Will Accelerate Growth for Functional Food and Beverage Company--
IRVINE, Calif., Feb. 22, 2011 /PRNewswire/ -- Dr. Sears Family Essentials, a functional food and beverage company rooted in the collective expertise of the Sears Family of Pediatricians, today announced that it has secured $5.6 million in funding from Intuitive Venture Partners, LLC. The new capital will be used to fuel company growth and support branding initiatives to accelerate awareness for Dr. Sears Family Essentials' doctor-formulated, kid-approved line of 100 percent all-natural snacks, beverages and supplements.
"We were immediately drawn by the longevity of the Dr. Sears brand and its strong consumer awareness among head of household moms, coupled with the swift retail acceptance of its products over a very short time period," said Scott Cardone, partner and co-founder for Intuitive Venture Partners, LLC. "The dynamic combination of Dr. Sears' medical expertise, matched with impressive experience of the leadership team, is the ultimate formula for success."
"In recent months, Dr. Sears Family Essentials has been experiencing great traction in both online and retail channels, which allowed us to raise capital to accelerate our growth and take us to new levels of innovation," said Tom Hicks, CEO for Dr. Sears Family Essentials. "This is a tremendous validation of our brand. Strengthened by a top-flight executive team with successful track records in building strong and profitable companies in the health and wellness space, we're poised for substantial growth in the year ahead."
In addition, Dr. Sears Family Essentials is proud to announce the appointment of Adam Saltzman to its Board of Directors. "Adam's history with growing and managing brands in the healthy living space will provide the additional acumen and leadership to accelerate growth for the company," said Cardone.
Intuitive Venture Partners, LLC, is a private equity and venture investment bank based in New York, with expertise in identifying and supporting strong management teams in markets with high growth potential, typically driven by globalization, industry consolidation, technology, and other transformative factors.
Dr. Sears Family Essentials products are available nationwide at The Vitamin Shoppe, Whole Foods, independent natural health retailers and major regional grocery retailers including H-E-B, Meijer and Fred Meyer across the U.S., and online at www.drsearsfamilyessentials.com.
About Dr. Sears Family Essentials
Dr. Sears Family Essentials is a privately-held, functional food and beverage company rooted in the collective expertise of the Sears Family of Pediatricians, which features more than a century of combined medical knowledge. The company offers a doctor-formulated, kid-approved line of 100 percent all-natural snacks, beverages and supplements that provide essential daily nutrients, such as Omega-3 DHA, to help children grow healthy, strong and smart. Dr. Sears Family Essentials products are reflective of Dr. Bill Sears' lifelong dedication to children's health and wellness and the company's commitment to helping combat childhood obesity and Nutritional Deficit Disorder. Dr. Sears Family Essentials products are available nationwide at The Vitamin Shoppe, Whole Foods, independent natural health retailers and major regional grocery retailers including H-E-B, Meijer and Fred Meyer across the U.S., and online at www.drsearsfamilyessentials.com.
Become a Fan on Facebook
SOURCE Dr. Sears Family Essentials
