Chicago Atlantic Closes Senior Secured Term Loan to Nurture Life Inc., a Growing Child Nutrition Provider
Chicago Atlantic Closes Senior Secured Term Loan to Nurture Life Inc., a Growing Child Nutrition Provider
CHICAGO--(BUSINESS WIRE)--Chicago Atlantic announced its role as sole arranger and administrative agent in the funding of a senior secured term loan for Nurture Life Inc. (the Company).
"Parents are increasingly looking for healthier, time-saving meal solutions for their children, and Nurture Life delivers on both”
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Nurture Life is a DTC (direct-to-consumer) meal delivery brand founded in 2015 by Steve Minisini and Jennifer Chow, headquartered in Chicago, IL. The Company offers freshly prepared, dietitian-designed meals and snacks tailored to babies, toddlers, and kids, targeting health-conscious parents seeking convenience without compromising nutrition. To date, the Company has shipped millions of meals nationwide and is actively expanding into new product categories and channels.
“Parents are increasingly looking for healthier, time-saving meal solutions for their children, and Nurture Life delivers on both,” said David Enright, Partner and Head of Direct Lending at Chicago Atlantic. “Chicago Atlantic is thrilled to support the next chapter as they bring their trusted brand to reach more families nationwide looking for clean label options for their children. We’ve been continually impressed by their quality products, strong brand, operational control, and proven unit economics.”
The Company serves customers across the contiguous U.S. and benefits from strong repeat behavior, supported by attractive unit economics—meals cost approximately $7–8 each—offering a convenient, time-saving solution for parents seeking nutritious, ready-to-eat options for their children.
The Company operates a 30,000-square-foot, SQF-certified manufacturing facility in Bedford Park, IL, running seven days a week. Dedicated teams across preparation and cook, ready-to-eat production, and fulfillment work seamlessly to ensure every meal is prepared and delivered with the highest standards of safety and quality.
The loan will be used to refinance all current debt and provide working capital.
“From the start, Chicago Atlantic showed a genuine understanding of and commitment to Nurture Life’s mission to create a healthier world through better nutrition for kids,” said Steve Minisini, Co-Founder & CEO of Nurture Life Inc. “They moved quickly to structure a flexible financing solution that meets our needs today and supports our long-term growth plans. We’re excited to partner with a team that not only understands our business but is equally committed to helping us succeed.”
About Chicago Atlantic
Chicago Atlantic is a private markets alternative investment manager focused on industries and companies where demand for capital exceeds traditional supply. The firm’s investment strategies include opportunistic private credit and equity with focuses on loans to esoteric industries, specialty asset-based loans, liquidity solutions and growth and technology finance. Chicago Atlantic has closed over $2.8 billion in credit facilities. Chicago Atlantic’s team of over 95 professionals has offices in Chicago, Miami, New York and London. For more information on Chicago Atlantic’s investment opportunities and financing products, visit chicagoatlantic.com.
