Once Upon A Farm Files For Ipo

Credit: PJ McDonnell/Shutterstock.com

Once Upon a Farm has registered for an IPO successful nan US, a decade aft nan integrated baby-food shaper was group up.

Berkeley, California-based Once Upon a Farm is seeking a listing connected nan New York Stock Exchange nether nan ticker awesome OFRM, according to a filing yesterday (29 September) pinch nan US Securities and Exchange Commission (SEC). 

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Founded successful 2015 by Cassandra Curtis and Ari Raz, nan business sells babe and children’s foods, including refrigerated pouches, oat bars, stiff meals and pantry snacks.  

John Foraker, nan erstwhile CEO of US nutrient group Annie’s – later acquired by nutrient awesome General Mills – joined nan business arsenic main executive successful 2017, erstwhile he was described arsenic a co-founder of Once Upon a Farm.

The babe nutrient company’s products are marketed successful awesome US retailers specified arsenic Whole Foods, Kroger, Walmart and Target, arsenic good arsenic via its ain direct-to-consumer channel.

In 2022, Once Upon a Farm raised $52m successful a bid D backing information led by CAVU Venture Partners, alongside existing investors S2G Ventures, Cambridge and Beechwood.  

However, nan institution is still loss-making.

For nan twelvemonth ended 31 December, Once Upon a Farm delivered a nett nonaccomplishment of $23.8m versus a $17.6m nonaccomplishment successful nan erstwhile 12 months, according to nan SEC filing.

In nan opening six months of 2025 – to 30 June – nan nett nonaccomplishment was $28.5m, compared to a $4.2m nonaccomplishment a twelvemonth earlier.

Sales gross successful 2024 amounted to $156.8m, up from $94.3m successful 2023. In nan first half of this year, Once Upon a Farm posted $110.6m successful sales, rising from $65.8m successful nan anterior six months.

Losses were besides recorded connected nan operating front.

The company, which uses co-manufacturers, delivered an operating nonaccomplishment past twelvemonth of $6.3m, narrowing from a $15.3m loss. For nan first six months of 2025, losses were $9.2m versus 3.1m.

“Any number of these challenges, and others, could person a antagonistic effect connected our business and performance.”

The institution said each its products are organic, non-GMO, incorporate nary added sugar, and are free from artificial flavours, colours and preservatives.  

It added: “From baby’s first bites to kid’s school-ready snacks, we are a quickly increasing leader successful modern puerility nutrition that provides innovative, nutrient-packed, delicious nutrient to on-the-go parents for their babies and kids.”