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Forbes: Upcycled Dried Snacks Company RIND Closes $6.1 Million Series A Led By Valor Siren Ventures

Forbes: Upcycled Dried Snacks Company RIND Closes $6.1 Million Series A Led By Valor Siren Ventures

New York-based food company RIND that produces dried snacks with upcycled whole fruit has raised $6.1 million in series A funding after seeing its revenue grow nearly five-fold year-over-year in 2020, and anticipates its annual sales to triple with the launch of a new chips line in later 2021.

The funding is led by Valor Siren Ventures (VSV), which was formed by Valor Equity Partners in 2019 with a $100 million anchor investment from Starbucks SBUX -1.1%, with additional participation from RIND’s existing investor Melitas Ventures.

VSV’s partner and fund manager Jon Shulkin said in a statement: “In a short period of time, the RIND team has built an exciting and purpose-driven brand. 

“By crafting highly nutritious and functional snacks that help reduce food waste, we believe RIND has the potential to build a great platform that is well aligned to consumer preferences for healthy, sustainable snacks. We look forward to working with RIND to help fuel their growth.”

View Forbes Article

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