[31 July/Crunch Base] PowerPlant Ventures announced today that it has closed an oversubscribed fund to invest in plant-based food technology companies. The fund, the firm’s second, totals USD$165 million (approx. NZD$253 million) and has already invested in two companies: wellness shots start-up Vive Organic, and plant-based nutrition company Your Super. PowerPlant Ventures plans to lead or co-lead Series A and Series B rounds in the space with check size ranging between USD$4 million (approx. NZD$6 million) to USD$8 million (approx. NZD$12 million). The firm describes itself as a growth equity firm that provides capital, guidance and operating expertise to “disruptive plant-centric brands’’.