# FODY Food Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fody-food

- Industry: Food
- Headquarters: Montreal, Canada
- Website: www.fodyfoods.com
- Total disclosed funding: $2.3M
- Latest round: Series A (Dec 14, 2017)
- Investors on record: 1

## About

FODY Food Co. is a producer of IBS-friendly, low-FODMAP food products aimed at improving digestive health. Their diverse range includes snacks, sauces, and pantry staples, catering specifically to individuals with sensitive stomachs.Founded in 2016 in Montreal, Canada, FODY Food Co. specializes in low-FODMAP food products for individuals with Irritable Bowel Syndrome (IBS). The company was established by Steven Singer, who has a history in food innovation. FODY has successfully completed 3 funding rounds, the latest being on December 8, 2020, when they raised USD 8.5 mn co-led by District Ventures Capital and Export Development Canada, with participation from New Acres.FODY Foods specializes in providing a diverse range of IBS-friendly, low-FODMAP food products designed for individuals with sensitive stomachs. Their core offerings include snacks, sauces, condiments, and pantry staples, formulated to eliminate common digestive triggers while maintaining robust flavor profiles. The product lineup facilitates enjoyable meals for the over 45 million Americans with IBS, featuring signature items like the Cinnamon French Toast High Fiber Snack Bar and various infused olive oils. FODY Foods markets its products across major retail channels in the United States and Canada, serving both direct consumers and retailers.FODY Foods generates revenue primarily through sales of its low-FODMAP food products via a direct-to-consumer model through their e-commerce platform and various retail partnerships in the U.S. and Canada. Customers can purchase individual products or subscribe for regular deliveries. Their pricing reflects the premium nature of their offerings, with flagship items sold in multi-pack formats. FODY Foods also emphasizes customer retention through a 30-day money-back guarantee, promoting confidence in their products.In December 2020, FODY Food Co. raised USD 8.5 mn in venture funding to support its growth initiatives. The company plans to develop and launch new products catering to the dietary needs of IBS consumers. Additionally, FODY seeks to expand its market presence in the United States and Canada, aiming to reach new retail outlets by mid-2022. The recent funding will be utilized to enhance product development and marketing efforts to achieve these expansion goals.

## Funding rounds

- Series A, Dec 14, 2017, $2.3M — Avrio Ventures

## Investors

- Avrio Ventures (https://capitalatlas.ai/funds/avrio-ventures) — Series A