About GroundForce Capital
GroundForce Capital is a venture capital firm founded in 2015. It is primarily based out of San Francisco, United States. As of Jul 2026, GroundForce Capital is an active investor, having invested in 8 companies, with 2 new investments in the last 12 months. It primarily invests in Series C round in United States based startups. Its investments are spread across a wide range of sectors from Food and Agriculture to Consumer Goods and Retail. Most recently it participated in the $***** Unattributed round of Rockriverlab Overall, GroundForce Capital portfolio has seen 1 unicorn and 1 acquisition, namely Liquid Death and Chameleon Coffee. A lot of funds co-invest with GroundForce Capital, with names like Live Nation sharing a substantial percentage of its portfolio. GroundForce Capital has team of 12 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series C & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
GroundForce Capital's List of Top Investments
GroundForce Capital has a portfolio of 8 companies, one of which is a Unicorn. Their most notable investments are in Bobbie and Miyoko's.Their portfolio spans across United States, Canada and United Kingdom. They have invested in Food and Agriculture, Consumer Goods, Retail and 3 other sectors, across stages such as Series B, Series C and 1 more. Here is the list of top investments by GroundForce Capital:
1. Liquid Death
Internet first brand offering beverages. The platform offers products such as mountain water, flavored sparkling water, iced tea, and more.
Key facts about Liquid Death
- Founded Year: 2014
- Location: Los Angeles (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $264M
- Employee Count: 372 as on May 31, 2026
- Investors: 1435 Capital, Uncommon Denominator and 41 Others
- Latest Funding Round: Conventional Debt, Dec 16, 2024, $*****
- Highlight: Editors' Pick
2. Bobbie
Internet first brand offering organic milk-based powder for babies. The product catalog includes skimmed milk baby formula powder on a subscription basis. It also offers organic sunflower oils and bundle packs. They claim that their product helps in babies immunity building, and brain development. They claim that products are non-GMO, organic, and plant-based, and use solvent-free oils that are naturally sourced.
Key facts about Bobbie
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $142M
- Employee Count: 361 as on May 31, 2026
- Investors: VMG Partners, Baukunst and 12 Others
- Latest Funding Round: Series C, Jul 12, 2023, $*****
- Highlight: Editors' Pick
3. Miyoko's
Platform offering plant-based dairy substitute products. It provides dairy-free and organic products. Its products include organic butter, cheese, organic cashew milk, and more. The company sells its products by independent stores and retailers.
Key facts about Miyoko's
- Founded Year: 2014
- Location: Petaluma (United States)
- Stage: Series C
- Total Funding till date: $68.3M
- Employee Count: 40 as on May 31, 2026
- Investors: Trinity Capital, Obvious Ventures and 9 Others
- Latest Funding Round: Series C, May 08, 2025, $*****
- Highlight: Editors' Pick
Key facts about Coconuts Collaborative
- Founded Year: 2010
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $8.91M
- Employee Count: 37 as on May 31, 2026
- Investors: Powerplant Ventures, GroundForce Capital and 30 Others
- Latest Funding Round: Series B, Jan 26, 2024, $*****
- Highlight: Editors' Pick
Key facts about Chameleon Coffee
- Founded Year: 2010
- Location: Austin (United States)
- Stage: Acquired
- Employee Count: 20 as on May 31, 2026
- Investors: Continental Grain Company and GroundForce Capital
- Highlight: Acquired
GroundForce Capital's Year-on-Year Investment Trends
GroundForce Capital has invested in 8 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment, while as of Jul 2026, it has made 1 investment in this year. Its most recent first time investment was in Rockriverlab.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
2022 | 2 | 0 | 2 |
2021 | 1 | 0 | 1 |
GroundForce Capital's Investments by Stage
GroundForce Capital has made 3 investments in Series B stage with an average round size of $11.1M, 3 investments in Series C stage with an average round size of $65.7M and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Series B | 3 |
Series C | 3 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
GroundForce Capital's Investments by Sector
GroundForce Capital has a diverse portfolio, with companies operating in the Food and Agriculture, Consumer Goods, Food and Agriculture Tech, High Tech and Sustainability Tech. Notably, it has invested in 5 Consumer (B2C) companies and 4 Tech companies.Sector | No. of Investments |
|---|---|
Food and Agriculture | 4 |
Consumer Goods | 3 |
Food and Agriculture Tech | 2 |
High Tech | 2 |
Sustainability Tech | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
GroundForce Capital's Investments by Geography
GroundForce Capital has made most investments in United States (4), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 4 |
Canada | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
GroundForce Capital's recent investments
GroundForce Capital has made 1 investments in 2026 so far - Rockriverlab.Here are the most recent investments by GroundForce Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 17, 2026 | - | Unattributed | 3422 | - | |
Dec 05, 2025 | United States | Series B | 7949 | - | |
Jan 26, 2024 | United Kingdom | Series B | 3192 | - | |
Jul 12, 2023 | United States | Series C | 4145 | - | |
Mar 07, 2022 | Canada | Series B | 5512 | [+3] |
Unicorns in GroundForce Capital's Portfolio
GroundForce Capital has 1 unicorn in its portfolio - Liquid Death. The most recent unicorn in their portfolio is Liquid Death which became a unicorn in 2024, 2 years after GroundForce Capital first invested in it.Here is a list of unicorns in GroundForce Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Internet first brand offering beverages | 2014 | Los Angeles | Series D | h{rtbuv |
Acquired companies in GroundForce Capital's Portfolio
1 company from GroundForce Capital's portfolio has been acquired. The most recent acquisition was Chameleon Coffee in Jun 2022 by SYSTM for $*****.Here are GroundForce Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 15, 2022 | - | - | 4967 |
Team profile of GroundForce Capital
GroundForce Capital has a team of 12 members including 3 Partners and 2 Principals located in United States. GroundForce Capital's team does not sit on the board of any company as of now.Here is a list of top team members in GroundForce Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Los Angeles | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Principal | San Francisco | - | - | |
Principal | San Francisco | - |
Co-investors of GroundForce Capital
Over the past 5 years, 42 investors have co-invested in GroundForce Capital's portfolio companies. This includes funds and angels.
- Invested before GroundForce Capital: Science, Convivialite Ventures and 23 others have invested in rounds before GroundForce Capital. There is 1 company where Science has invested before GroundForce Capital and 1 company where Convivialite Ventures has invested before GroundForce Capital.
- Top Co-investors of GroundForce Capital: 5 investors entered a company along with GroundForce Capital. These include investors like Live Nation (1 company).
- Invested after GroundForce Capital: A total of 12 investors have invested in GroundForce Capital's portfolio after their investments. Top Investors include SuRo Capital (1 company), DeAndre Hopkins (1 company) and GCCP (1 company).
Recent News related to GroundForce Capital
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GroundForce Capital Announces Strategic Investment in Rock River LaboratoryFinancial Post•Jul 16, 2026•GroundForce Capital, Rockriverlab
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Purchase Capital Completes Sale of OWYN to Simply Good FoodsBusiness Wire•Jun 14, 2024•The Simply Good Foods Company, OWYN, Purchase Capital, Simply Good Foods and 3 others
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The Coconut Collab secures a £ 1.5 million series B-Financingvegconomist•Jan 29, 2024•Coconuts Collaborative, GroundForce Capital
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GroundForce Capital Announces the Promotion of Graham Garzon to Senior AssociateBusiness Wire•Jan 17, 2024•GroundForce Capital
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SYSTM Foods acquires HUMM KombuchaBeverage Industry•Jan 04, 2024•SYSTM, Kombucha Mama, GroundForce Capital, SYSTM Foods and 1 other
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GroundForce Capital Elevates Alice Kim to Senior AssociateBusiness Wire•Oct 18, 2023•GroundForce Capital
