Laird Superfood Closes Navitas Acquisition, Takes $50 Million Nexus Investment

Fresh Nexus funding tied to the Navitas buy signals a pivot to scaled, profit-focused growth.

Overview

Laird Superfood, which completed the Navitas acquisition March 12, funded the $38.5 million deal with a $50 million Series A preferred investment from Nexus affiliates.
Nexus now holds about 56.2% of the company on an as-converted basis, and the agreement allows Laird to call up to an additional $60 million within 270–360 days.
On the March 26 earnings call, leaders reaffirmed record 2025 net sales of $49.9 million and highlighted wholesale growth of 41% for the year as margins tightened from higher commodity costs and tariffs.
The company reported a 2025 net loss of $3.3 million and positive Adjusted EBITDA of $0.3 million, finishing the year with $5.3 million in cash and no debt.
For 2026, management expects combined revenue to grow at least in the high single digits and Adjusted EBITDA to rise as it integrates Navitas, drives procurement savings, and expands distribution in conventional grocery and club channels.