JPalmer Collective Funds M2 Ingredients with $6.5M Line of Credit
November 13, 2025
Source: JPalmer Collective (JPC)
Investment expands JPC’s portfolio of natural and sustainable consumer brands, and supports commitment to women-founded and -led companies
NEW YORK – November 13, 2025 – JPalmer Collective (JPC), an asset-based lending firm dedicated to supporting high-growth, women-owned and -led, and natural products companies, today announced the closing of a $6.5M line of credit to M2 Ingredients, the largest functional mushroom grower and supplier in the Western Hemisphere.
“It’s incredibly rewarding when a client chooses to partner with us again; it means our collaboration created real value,” said Jennifer Palmer, founder and CEO. “M2 represents everything we are passionate about JPC: growth with purpose, a commitment to sustainability, and leadership by women.”
M2 Ingredients was born from the meeting of two expert fields—mycology and preventative health— and founded by Steve Farrar and Dr. Sandra Carter, with the mission to supply high quality, science backed, functional mushroom powders to brands looking for potency, purity, and transparency. Their commitment is not only to wellness, but also to sustainability, innovation, and upholding high food safety and quality standards.
The funding from JPC will support continued growth as the company furthers its goal of advancing health and wellness by supplying high quality, organic mushrooms.
"What sets JP Collective apart is that they always begin by asking how they can help grow the business. Their team operates with professionalism, urgency, and total follow-through. That mindset made all the difference—we closed a deal together in just three weeks,” said Andrew Hollngsworth, Chief Financial Officer at M2 Ingredients.
About JPalmer Collective
JPalmer Collective is a customized asset-based lending solutions provider founded in 2023 by Jennifer Palmer, commercial finance veteran, former president of SFNet and an advocate for improving women's access to financing. Created to fund high-growth companies that do not fit the traditional lender's criteria, the company provides white-glove service with a consultative approach to women-led companies, high-growth consumer brands, and companies focused on conscious consumers, sustainability, and inclusivity so they can achieve sustainable growth.
About M2 Ingredients
Founded in 2010 in California, M2 Ingredients is the largest organic functional mushroom grower and supplier in the Western Hemisphere. With a focus on science, sustainability, and full-life cycle mushroom innovation, M2 produces U.S.-grown, clinically researched ingredients that power many of the world’s leading functional food and supplement brands. From cultivation to extraction, M2 controls every stage of production to ensure uncompromising quality, traceability, and bioactive integrity.
NEW YORK – November 13, 2025 – JPalmer Collective (JPC), an asset-based lending firm dedicated to supporting high-growth, women-owned and -led, and natural products companies, today announced the closing of a $6.5M line of credit to M2 Ingredients, the largest functional mushroom grower and supplier in the Western Hemisphere.
“It’s incredibly rewarding when a client chooses to partner with us again; it means our collaboration created real value,” said Jennifer Palmer, founder and CEO. “M2 represents everything we are passionate about JPC: growth with purpose, a commitment to sustainability, and leadership by women.”
M2 Ingredients was born from the meeting of two expert fields—mycology and preventative health— and founded by Steve Farrar and Dr. Sandra Carter, with the mission to supply high quality, science backed, functional mushroom powders to brands looking for potency, purity, and transparency. Their commitment is not only to wellness, but also to sustainability, innovation, and upholding high food safety and quality standards.
The funding from JPC will support continued growth as the company furthers its goal of advancing health and wellness by supplying high quality, organic mushrooms.
"What sets JP Collective apart is that they always begin by asking how they can help grow the business. Their team operates with professionalism, urgency, and total follow-through. That mindset made all the difference—we closed a deal together in just three weeks,” said Andrew Hollngsworth, Chief Financial Officer at M2 Ingredients.
About JPalmer Collective
JPalmer Collective is a customized asset-based lending solutions provider founded in 2023 by Jennifer Palmer, commercial finance veteran, former president of SFNet and an advocate for improving women's access to financing. Created to fund high-growth companies that do not fit the traditional lender's criteria, the company provides white-glove service with a consultative approach to women-led companies, high-growth consumer brands, and companies focused on conscious consumers, sustainability, and inclusivity so they can achieve sustainable growth.
About M2 Ingredients
Founded in 2010 in California, M2 Ingredients is the largest organic functional mushroom grower and supplier in the Western Hemisphere. With a focus on science, sustainability, and full-life cycle mushroom innovation, M2 produces U.S.-grown, clinically researched ingredients that power many of the world’s leading functional food and supplement brands. From cultivation to extraction, M2 controls every stage of production to ensure uncompromising quality, traceability, and bioactive integrity.
