Plant-based beverage maker Califia Farms has secured a second funding round to raise money for its manufacturing facility expansion.

Through the new round, the company has made an additional $50m from its existing and new investors.

The round was led by Ambrosia Investments and investors Sun Pacific and Stripes Group.

Califia plans to expand its manufacturing facility in Bakersfield, California, and develop its go-to-market capabilities for commercialising recent innovations in plant-based milk, non-dairy creamers and cold brew coffees.

“This round of funding will allow us to further pursue our vision to be the leading plant-powered food and beverage company.”

The company also intends to promote the launch of its new line of probiotic dairy-free yoghurt drinks.

Califia Farms co-founder and CEO Greg Steltenpohl said: “This round of funding will allow us to further pursue our vision to be the leading plant-powered food and beverage company of the future by investing in our four brand pillars of sustainability, health and wellness, plant-based innovation and engaging consumer experiences.

“Serge Schoen and his partners at Ambrosia complement our current investors with global experience in optimising plant-based supply chains and supporting the continued rapid growth of entrepreneurial companies like Califia Farms.”

To support Califia’s strategic long-term growth, Sandeep Patel has been appointed as chief financial officer (CFO). He will lead the company’s finance organisation and certain operational, legal, technological and strategic areas.

Patel said: “Califia is at the intersection of some of the most powerful trends to shape the food system in the last 50 years. With its strong lifestyle brand, the track record of innovation and cross-category leadership, Califia is uniquely positioned to capitalise on these trends.”