Black Buffalo, Inc., a smokeless tobacco alternative company, has raised $30 million from The Pritzker Organization (TPO) and Listen Ventures, with additional participation from Watchfire Ventures, Vice Ventures, and UTC Ventures. The company will use this capital to further accelerate its efforts to expand its retail presence and online sales, as well as hire key team members to its support continued growth.
As part of this equity raise and the transaction’s closing, TPO’s managing director, Jason Pritzer, and Listen Venture’s managing partner Jeff Cantalupo have joined Black Buffalo’s board of directors.
“Black Buffalo’s strategy and vision aligns perfectly with The Pritzker Organization’s core competency of partnering with exceptional management teams to build best-in-class businesses over the long-term. We are excited to partner with Black Buffalo to continue driving their rapid growth,”commented Jason Pritzer.
Black Buffalo’s president and co-founder, Mark Hanson, added: “We are pleased to have such outstanding investment partners in TPO and Listen Ventures. Black Buffalo’s business is experiencing unprecedented growth as adult consumers continue to seek out alternatives in the nicotine and tobacco segments. We believe that TPO and Listen Ventures will provide far more than just capital to accelerate every aspect of our business, including identifying new key hires in sales, marketing, manufacturing, and finance.”
