# FreshSpoke

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/freshspoke

- Industry: Internet
- Headquarters: Barrie, Canada
- Website: www.freshspoke.com
- Total disclosed funding: $0.6M
- Latest round: Seed (Jul 31, 2019)
- Investors on record: 4

## About

FreshSpoke is a technology-driven marketplace that connects local food producers with consumers and businesses, enhancing the distribution of fresh, locally-sourced products across Canada.FreshSpoke, Inc., founded in 2016, operates from Barrie, Canada. The company provides a platform for local food producers to reach consumers directly. Marcia Woods is the founder and currently serves as the CEO. FreshSpoke has raised a total of USD 0.55 mn through funding rounds, with the most recent Seed round occurring on July 31, 2019, led by Georgian Angel Network, along with CBA Catalyst and SOSV. The company has successfully completed 7 deals to date.FreshSpoke specializes in providing a marketplace platform that connects local food producers with consumers and businesses, enhancing the distribution of fresh, locally-sourced products. The platform allows farmers and food artisans to list products such as fresh produce, meats, dairy, and artisanal foods, thereby reducing the distance between producers and consumers. The primary clientele includes restaurants, grocery stores, and health-conscious individual consumers, primarily in urban areas such as Ontario, Canada.FreshSpoke generates revenue through a commission-based transaction model, charging producers a fee for sales facilitated via their platform. This includes B2B transactions with restaurants and retailers as well as direct-to-consumer sales. The revenue model is structured to ensure fairness and competitiveness based on product categories and partnership types, providing sustainability while delivering value to clients.With the USD 0.55 mn raised in Seed funding on July 31, 2019, FreshSpoke plans to enhance its platform and expand its services. Future initiatives include the design and launch of new features aimed at streamlining user experience and expanding into new geographic markets across Canada, targeting regions with high demand for local food sourcing. The recent funding will be utilized to support these growth strategies and enhance their marketplace capabilities.

## Funding rounds

- Seed, Jul 31, 2019, $0.6M — SOSV, Georgian Angel Network, CBA Catalyst
- Seed, Mar 13, 2018 — SOSV, Food-X

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- Food-X — Seed
- Georgian Angel Network — Seed
- CBA Catalyst — Seed