Total amount raised
$73 Millions
Latest funding date
07/01/2021
Location
Little Spoon has successfully raised funding through multiple rounds, with notable investors including Valor Equity Partners and Kairos HQ. The company focuses on delivering organic baby food, toddler meals, and snacks directly to customers' doors, emphasizing quality and safety.
Keep reading to explore the intricacies of Little Spoon's fundraising journey and the investors backing this innovative platform.
What Is Little Spoon?
Little Spoon, founded in 2016, is based in New York, New York. The company was established by Angela Vranich, Ben Lewis, Lisa Barnett, and Michelle Muller.
They specialize in delivering organic baby food, toddler meals, and snacks directly to customers' doors. Their product range includes Babyblends, Plates, Smoothies, Biteables, Snacks, and Puffs.
With a team of 101-250 employees, Little Spoon aims to make parents' lives easier by providing healthy, convenient meal options for children.
How Much Funding Has Little Spoon Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop initial product offerings.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2016
- Lead Investors: Kairos HQ
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product development and market reach.
- Venture Round
- Amount Raised: $7M
- Date: February 2019
- Lead Investors: Vaultier7
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance distribution channels.
- Series A
- Amount Raised: $22M
- Date: January 2020
- Lead Investors: Valor Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the product line and increase market penetration.
- Series B
- Amount Raised: $44M
- Date: July 2021
- Lead Investors: Valor Equity Partners
- Valuation at Round: Approximately $200M
- Motivation Behind the Round: To scale the direct-to-consumer model and enhance product offerings.
Total Amount Raised: $73M
Current Valuation: Approximately $200M
Key Investors
- Valor Equity Partners
- Details: Valor Equity Partners is a private equity firm that invests in high-growth companies. They have a strong track record of supporting innovative businesses.
- Investment Focus Areas: Consumer products, technology, industrial sectors
- Notable Investments: Tesla, SpaceX, GoPuff
- Vaultier7
- Details: Vaultier7 is an investment firm that focuses on consumer brands. They aim to support companies that offer unique and high-quality products.
- Investment Focus Areas: Consumer brands
- Notable Investments: Not publicly disclosed
- Kairos HQ
- Details: Kairos HQ is an investment firm that focuses on early-stage companies. They are known for their strategic support and mentorship.
- Investment Focus Areas: Early-stage companies
- Notable Investments: Not publicly disclosed
What's Next for Little Spoon?
Little Spoon is poised to capitalize on the growing demand for organic baby food, particularly among millennial parents. With a recent $44 million Series-B funding round led by Valor Equity Partners, the company is well-positioned to expand its direct-to-consumer model and enhance its market presence.
Future fundraising opportunities appear promising, as the successful Series-B round and involvement of high-profile investors like Valor Equity Partners could attract additional capital. However, the company will need to navigate challenges such as competition from established brands and maintaining product quality as it scales.
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