Miami · Austin

Category-defining companies
making humans & the world
healthier

A mission-driven asset management firm providing creative, flexible capital solutions for high-quality companies across the health, wellness and sustainability industry.

HumanCo Investments (HCI) is the preeminent consumer health, wellness and sustainability-focused asset management firm.

Founded in 2024, we provide creative, flexible capital solutions to category-defining companies that are making humans and the world healthier.

HCI was formed through a partnership with HumanCo, a mission-focused holding company that operates and incubates brands focused on making the world a healthier place.

“We are focused on finding partners that are improving wellness and nutrition, and restoring the quality of real food.”

— Ross Berman, Founding Managing Partner

01
Extensive Ecosystem
Decades-built network generating continuous off-market opportunities
02
Consumer Health & Wellness Entrepreneurs
Built Hu Chocolate from startup to Mondelez acquisition
03
Mission Alignment
Authentic commitment makes HCI the preferred partner for founders
04
Creative Solutions
Unique structures solving complex primary and secondary capital needs

A differentiated thesis within
consumer health & wellness

Primary Investment Criteria

1
Category creators or emerging leaders disrupting incumbents through a wellness- and sustainability-first approach
2
Helping humans and the world become healthier as the business scales
3
Strong, rapidly growing consumer demand supported by retention, retail velocity and online engagement metrics
4
Best-in-class unit economics with EBITDA profitability (or rapidly approaching)
5
Attractive combination of upside potential and downside protection

Target Categories

🌿
Supplements
🥑
Food
🍵
Beverage
🧠
Personal Care
Beauty
🏠
Home Care & Goods
🏋
Fitness
📱
Wellness Technology
🍴
Restaurants

Investment Experience

Current HCI Portfolio

Dose — liquid supplement
Dose
Condition-Specific Supplements

A high-growth supplement brand disrupting the category through its liquid format and clinically-backed products. Dose has driven best-in-class unit economics, customer retention, LTV, and retail velocity metrics.

Amara organic kids snacking
Amara
Kids Snacking

A leading, high-growth snacking brand focused on toddlers and young kids, offering nutritious, convenient and delicious products that are always no-sugar-added and organic.

HumanCo-Affiliated Investments

HumanCo
HumanCo
Health & Wellness

A mission-driven private holding company that builds and incubates brands focused on healthier living and sustainability.

True Food Kitchen
True Food Kitchen
Healthy Restaurant

The leading health-focused, full-service restaurant company with 45 locations nationwide offering a delicious menu with the cleanest ingredients.

Grove Co
Grove Co
Sustainable Home Care

One-stop destination for everyday essentials that create a healthier home and planet.

Entrepreneurship and Exit Experience

Hu Products chocolate bars
Hu Products
Clean Snacking — Acquired by Mondelez

Co-founded by Jason Karp with his wife and brother-in-law, Hu remains iconic for its clean-ingredient, delicious chocolate products, becoming one of the fastest-growing snacking companies in the US. In January 2021, Mondelez acquired Hu for a record valuation.

Experienced consumer investors and asset management professionals

Our partners combine decades of experience leading asset management firms anchored by leading institutional funds (over $6B in combined AUM) with deep expertise as entrepreneurs, operators, investors and acquirors across the consumer health & wellness space.

Investment Team
Ross Berman
Ross Berman
Founding Managing Partner

6+ years as an investor and active board member in the consumer health & wellness category, including Hu Products, HumanCo, True Food Kitchen, and Amara.

Prior to HCI, Co-Founder of HumanCo (2019–2024), a mission-driven holding company building and incubating health & wellness brands.

25+ years as Founder, CIO and Portfolio Manager at asset management and hedge funds including Green Owl Capital Management and BAM Capital Management.

Graduate of University of Wisconsin. Based in Boca Raton, FL.

Green Owl Capital BAM Capital HumanCo
Brian Locklear
Brian Locklear
Partner, Director of Research

12+ years of experience investing in consumer, food/beverage, and restaurant private markets.

Prior to HCI, Director of M&A and Investments at HumanCo (2020–2024), where he sourced and executed investments across the consumer health & wellness ecosystem.

Previously Managing Director at Beechwood Capital, a consumer growth investment firm, and M&A and Strategy at The Hershey Company.

Graduate of Boston College and Harvard Business School. Based in Austin, TX.

Beechwood Capital Hershey TriArtisan Capital Partners
Derek Haboush
Derek Haboush
Vice President

6+ years of experience advising and investing in consumer, food/beverage, and restaurant private markets.

Prior to joining HCI in 2024, provided advisory services to leading wellness companies at Jefferies and Harrison & Co.

Graduate of University of Arizona. Based in Miami, FL.

Jefferies Harrison & Co
Advisory Board
Jason Karp
Jason Karp
Founding Partner & Strategic Advisor

10+ years as an operator-investor and thought leader in consumer health & wellness. Co-founder and CEO of HumanCo since 2019, and active in US food policy including food dye phase-outs.

Chairman & Co-founder of Hu Products (2011–2021), one of the fastest growing snack companies in the US, sold to Mondelez.

25+ years managing institutional capital — Founder & CIO of $4.5B AUM Tourbillon Capital, and roles at HumanCo, Carlson Capital, SAC Capital, and George Weiss.

Graduate of University of Pennsylvania. Based in Austin, TX.

Tourbillon Capital HumanCo Hu Products Carlson Capital SAC Capital

The $7T consumer health & wellness opportunity

Consumer health, wellness and sustainability is a multi-decade secular trend that is only accelerating. Healthier products have grown at 2x the annual rate of the overall market for decades — and large consumer conglomerates are forced to acquire disruptors to stay relevant.

$6.8T
Current global wellness economy, growing at +8% annually
$9.8T
Projected global wellness economy by 2029
+7.6%
CAGR of US organic food products since 2007
~39%
Dollar growth driven by insurgent brands (<2% market share)

Partner with HumanCo Investments

Whether you’re a founder building a category-defining health and wellness brand, or an institution seeking access to the preeminent consumer health & wellness investment platform, we’d love to connect.

📍 Miami, FL · Austin, TX