Morrison Foerster advised David, a brand that sells products to increase protein intake while reducing caloric and sugar intake, on a $75 million Series A funding round, led by Greenoaks with the participation of Valor Equity Partners. In September 2024, David launched its flagship product: a protein bar with 28 grams of protein, zero sugar, and just 150 calories—offering the highest protein-to-calorie ratio on the market. The brand is on pace to surpass $100 million in revenue in its first year of operation.
David will use the investment to scale manufacturing, accelerate product development, and expand inventory to meet surging demand across retail and e-commerce. As part of this growth strategy, MoFo also advised David in its acquisition of Epogee, the food technology firm behind EPG, a plant-based fat alternative that significantly reduces calories and fat without compromising taste or texture.
The MoFo deal team for the Series A financing was led by Denver corporate partners Chuck Cotter and Finity Jernigan with the able assistance of Olivia Ferris, and the MoFo deal team for the Epogee acquisition was led by Denver corporate partner Chuck Cotter and New York corporate partner Omar Pringle with the able assistance of Shams Haidari. Each of the financing and acquisition workstreams were supported by San Diego technology transactions partner Matt Ferry, Palo Alto patent partner Anita Choi, and Los Angeles tax partner Brian Radigan.
Read David’s press release.
