Exciting News from 301 INC! ? We’re thrilled to announce our latest investment in Keychain, an innovative AI-powered B2B platform revolutionizing how CPG brands connect with co-manufacturers. ? As General Mills’ Chief Supply Chain Officer, Paul Gallagher, explains: “This tool will transform how brands identify and connect with potential co-manufacturers, reducing timelines from weeks or months to mere minutes. That’s a game-changer in meeting evolving consumer demands. We’re investing in Keychain because of the efficiencies it can unlock for us, its profound potential to shape the future of food, and their collaborative approach.” ? This partnership reflects 301 INC’s commitment to driving innovation in the CPG ecosystem and empowering brands with cutting-edge solutions.
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KEYCHAIN SECURES $15M TO REVOLUTIONISE MANUFACTURING PARTNERSHIPS WITH AI-POWERED PLATFORM Keychain , a New York-based startup that connects packaged goods companies and private-label retailers with manufacturing partners through its online platform, has raised $15 million in a Series A funding round led by BoxGroup. The round also included new investors such as General Mills and Schreiber Foods, along with existing backers like Lightspeed Venture Partners and SV Angel. This follows an $18 million seed round announced last year. The company’s first product—a search and discovery platform—is now operating at scale for U.S.-based food and beverage brands, manufacturers, and retailers, according to co-founder and CEO Oisin Hanrahan “Our platform has grown faster than we anticipated, and we’re excited to enhance it with AI-powered tools to help brands and retailers bring products to market more efficiently,” Hanrahan said. He added that expansions into new categories and geographies are on the horizon. To read the complete article click on this link below ?? https://lnkd.in/d4F4JS-Q #agritech #agritechnology #AI_in_Agriculture
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Read more on how new age D2C brands like FruBon are modernizing legacy businesses with deep understanding of business and connections in supply chain in this featured article by Economic Times. #FruBon #devmilkfoods
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Freshleaf has raised a funding of Rs. 1 Crore in seed funding round led by Inflection Point Ventures. Freshleaf Teas | Balkirat Singh | Muneet Arora | Inflection Point Ventures | Vikram Ramasubramanian Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing
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ReScale—a Boston-based startup led by ex-Trader Joe’s exec Julia Megson—has emerged from stealth after raising a $2.3m round led by?Baukunst?to address a major pain point for small and medium sized CPG brands: sourcing, negotiating, and managing external manufacturing partnerships. The funding round, supported by?Dartmouth Angels?and various CPG industry angel investors, will help Megson (CEO) and cofounder Matthew K. (CTO) further build out an online platform to help brands with under $100 million in revenue find a co-manufacturer “who can actually make your product,” says Megson. “But we also recognize that this is just the beginning. Brands then need help with contracting and then managing that relationship,” she adds. “Finding a contract manufacturer is still mostly done by word of mouth. About half of small- and mid-size food brands rely on white label manufacturers, but for each new item, they have to start from scratch. We spoke to hundreds of brands that all said it’s their biggest problem. It’s a mess.” #foodtech #CMOs #contractmanufacturing AgFunder
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For a sector that deploys cutting edge tech in everything from logistics to pathogen control, the food industry is still stuck in the dark ages when it comes to finding co-manufacturers, says the cofounder of?Keychain, a rapidly growing startup on a mission to become the ‘Angi’ of CPG. If you’re a brand or a retailer looking for someone to manufacture a food or beverage product, says?Oisin Hanrahan, the options are not great: word of mouth and existing contacts, trade shows, pricey consultants, brokers, and if all else fails, Google. The problem with these approaches, he says, is that they are both limited by the size and scope of your existing network, expensive, time-consuming, and in the case of online searches, very imprecise: does manufacturer X have the equipment that can actually make your product? Hanrahan, who cofounded online home maintenance platform?Handy HQ?before selling it to Angie’s List (now?Angi), is now applying the Angi playbook to CPG manufacturing. “We took everything we learned at Handy and Angi and decided to build technology for brands and retailers to manage their relationship with manufacturers, ingredient companies and packaging companies... We started building what is now the deepest data set of manufacturing in the United States that allows any brand or retailer to look up over a million SKUs and find co-manufacturers with the capabilities to produce them.” #foodtech #comanufacturing #CPGmanufacturing #foodmanufacturing AgFunder
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Poshn has raised $4 million in a new funding round, marking a significant step in their mission to revolutionize the food supply chain for MSMEs and institutions. This investment will support the expansion of their innovative full-stack solutions, including demand aggregation and embedded finance, and help them enter global markets in Southeast Asia and the Middle East. With a six-fold revenue increase from FY22 to FY24 and successful EBITDA profitability, Poshn is setting a new standard for efficiency in the food sector. The startup aims to leverage this capital to build the largest distribution network and tap into profitable import/export opportunities. ?? https://lnkd.in/dt6dMf2U #FoodTech #SupplyChainInnovation #GlobalExpansion #StartupFunding
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Small CPG manufacturers can potentially save a significant portion of their costs - potentially up to 50% in some cases - by utilizing co-packing services. Co-packers, as Globel, offer cost efficiency through economies of scale, allowing brands to reduce overhead costs by sharing facilities. DM me and let’s talk. This can lead to significant savings, especially for smaller brands or startups with limited budgets. The cost savings from co-packing can be particularly beneficial for smaller brands, enabling them to compete more effectively in the market. The percentage of cost savings will vary depending on factors such volume, product type, and specific co-packing arrangements, it's clear that small CPG manufacturers can potentially save significant costs by using co-packing services. Substantial savings are possible in some cases. Globel Copacking LLC
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Exciting News! Superfoodio Opens First Fundraise Round! ?? After self-funding our growth, we're thrilled to announce that Superfoodio is opening its first round of funding ? EIS Advance Assurance Granted ?? Over the past few years, Nirali and I have been building Superfoodio brick by brick, driven by our mission to get back to the basics of food! ?? Our Vision: We aim to eliminate refined sugar, palm oil, E numbers, and synthetic ingredients from the food system by using only natural, simple, and wholesome ingredients. Our goal is to create value-added products that are truly better for you and the planet. Our Products: Peanut Butter Buttons - A game-changing snack that takes the goodness of peanut butter from the jar into a snackable Button format. Perfect to enjoy on-the-go. ??????♂? Made with only 4 natural ingredients, our Buttons tick a lot of boxes: ? Vegan ? High fibre ? Plant-powered protein ? No palm oil ? No refined sugar or sugar alcohols ? Non-HFSS ? Recyclable packaging Our Journey: We've reached incredible milestones, including: ?? World Food Innovation of the Year - Finalist ?? The Grocer New Product Awards - Finalist ?? Top Seller on Amazon UK ? Record-breaking sales at Whole Foods Market in March ’24 with the BUY WOMEN BUILT x WFM Campaign ?? Top performing brand in the Co-op Apiary Incubator ?? Exporting to Ireland, UAE, and in discussions for opportunities in the USA (i.e. The land of peanut butter!) Our Future Plans: ?? Strong NPD pipeline with a game-changing new product launch in Q2 ’24 ?? Launching in a MAJOR retailer in Q3 ’24 ?? Expanding to over 6,000 distribution points across the UK Our Moat: We've developed a proprietary manufacturing method after a rigorous 2-year process, securing a strong market position. With a highly experienced team from top companies and scalable BRC accredited partners, we're poised for significant growth. ?? Our Request: We're seeking visionary investors who share our passion for transforming the food system. If you are interested in joining us on this exciting journey and supporting our upcoming launches, please DM me now – let’s connect and make a positive difference together in FMCG! Thank you for your continued support. Here’s to building a better future together! ?? Jag & Nirali, Founders at Superfoodio #Fundraising #InvestmentOpportunity #ChallengerBrand #PlantBased #Entrepreneurship #FoodAndDrink
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Can food brands scale to $200m in 5 years? Yes, but not without a clear playbook. Insights from Five Seasons Ventures, shared by Saskia Hoebée and Ivan Farneti reveal three critical factors behind their investments in European food(tech) brands that hit $200m revenue within five years—an extraordinary feat in a slow-growth industry. Here’s what sets these companies apart: 1?? Tapping into Trends & TAM Brands succeed by disrupting dormant categories or creating entirely new ones. Examples like JustSpices.in and air up? show the value of identifying high-frequency, high-margin opportunities in large markets. 2?? Tech-Enabled Omnichannel Strategies Leveraging social media, D2C, and data insights accelerates growth. Companies like KoRo prove agility and digital expertise are non-negotiable for scaling quickly. 3?? Smart Capital with a Halo Effect Beyond funding, specialist investors bring credibility, attract talent, and open doors to acquirers. Partnerships with firms like General Atlantic and L Catterton amplify success stories like Butternut Box | B Corp. This is worth reading for all consumer-facing product startups aiming for breakout growth. Kudos to Saskia and Ivan for their insights! #food #foodtech #fmcg #retailinnovation #startups #d2c #socialmediamarketing #omnichannel #investmentstrategies #consumerbrands #scaling #dataanalytics #techdriven #categoryinnovation #disruption #growthhacking #retailtech #marketingstrategy #foodindustry #venturecapital #ecommerce #foundersjourney #brandbuilding #investments #retailtrends #europe #startupgrowth #techstartups #productinnovation #leadership #sales #globalexpansion
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Marico’s diversification in digital-first business is unlocking growth in FMCG. Our CEO and MD, Saugata Gupta shares insights on how digital will be a big driver of growth in Marico. Read More here: https://lnkd.in/dGTiuqQC
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Co-Founder
3 个月Congrats, Kristen Harvey!!! Exciting to see you start making waves