Once Upon a Farm plans initial public offering

Once Upon a Farm, a producer of organic baby food, is now planning to go public in the US after its inception a decade ago. The Berkeley, California-based company has filed for an Initial Public Offering (IPO) to be listed on the New York Stock Exchange under the ticker symbol OFRM. Founded in 2015 by Cassandra Curtis and Ari Raz, Once Upon a Farm offers a variety of baby and children’s foods, including refrigerated pouches, oat bars, frozen meals, and pantry snacks.

In 2017, John Foraker, the former CEO of Annie’s, joined the company as the chief executive and was later described as a co-founder of Once Upon a Farm. The brand’s products are widely available in major US retailers such as Whole Foods, Kroger, Walmart, and Target, as well as through its own direct-to-consumer platform. The company has gained significant funding over the years, including $52 million in a series D funding round in 2022 led by CAVU Venture Partners and other investors like S2G Ventures, Cambridge, and Beechwood.

Despite its success, Once Upon a Farm continues to experience losses. The company reported a net loss of $23.8 million in 2021, an increase from its previous loss of $17.6 million. In the first six months of 2025, the net loss amounted to $28.5 million, compared to $4.2 million in the same period a year earlier. Despite increasing sales revenue – $156.8 million in 2024 and $110.6 million in the first half of 2025 – operating losses persist. The company recorded an operating loss of $6.3 million in 2021, slightly reduced from $15.3 million, and $9.2 million in the first half of 2025 versus $3.1 million in the prior year.

In its IPO registration document, Once Upon a Farm acknowledged the challenges it faces in a volatile macroeconomic environment, including geopolitical and economic instability. Tariffs or trade barriers affecting Mexico and South America, where the company sources a significant portion of its ingredients, may lead to supply chain disruptions and increased procurement costs. However, the company prides itself on providing organic, non-GMO, and sugar-free products that are free of artificial flavors, colors, and preservatives. Its offerings cater to parents seeking nutrient-packed, convenient, and delicious food choices for their children’s dietary needs.

Once Upon a Farm positions itself as a growing leader in modern childhood nutrition from baby’s first bites to school-ready snacks for kids. By intending to go public, the company aims to leverage the market for further growth and expansion. Overall, Once Upon a Farm’s journey from inception to IPO signifies its commitment to providing healthy and innovative food choices for children in today’s fast-paced world.