AccelFoods Expands Portfolio and Hits $35M for Investment Fund
Since AccelFoods' launch in 2014, the New York-based accelerator and capital fund has penetrated the food and beverage industry and has kept an eye on helping startup brands find ways to advance their businesses. Founding partners Jordan Gaspar and Lauren Jupiter are making strategic moves to evolve their program into one that will better represent their portfolio companies’ needs and present more opportunities for growth.
Recently, Gaspar and Jupiter announced that AccelFoods has added $15 million to its second investment fund, presently totaled at $35 million. The capital fund will continue to invest in its sweet spot, which is with food and beverage startups in the CPG, snacking, and grocery industry at the ground level. Accel has created a successful and positive reputation for itself and can now work with companies across all stages of development.
There have been many venture capital firms that have come out to rival AccelFoods as backers to disruptive brands in the space, but the investment company has stood out to make a clear commitment to providing plenty of resources to the companies and founders that it works with. Amazon Launchpad was an opportunity that Accel used to its advantage early on, and the portfolio companies found the platform to be a helpful tool to build awareness and sales.
AccelFoods portfolio brands include Four Sigmatic, Bandar Foods, Exo Protein, and more, with recent investments in Koia, a plant-based protein beverage, and Bou, a non-GMO, gluten-free bouillon cube company.
Learn more about AccelFoods’ latest $34 million fund and plans for portfolio expansion at TechCrunch.