# Partake Foods

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/partake-foods

- Industry: Food
- Headquarters: New York, US
- Website: www.partakefoods.com
- Total disclosed funding: $16M
- Latest round: Series B (Oct 4, 2022)
- Investors on record: 13

## About

Partake Foods, Inc. specializes in producing a variety of allergy-friendly baked goods, primarily cookies, designed to accommodate individuals with dietary restrictions while remaining appealing to all consumers.Founded in 2016 in New York, US, Partake Foods focuses on creating safe and inclusive snacking options. CEO Denise Woodard, the founder, has previously founded other companies and now leads Partake Foods in its mission to provide allergy-friendly treats. The company has secured USD 7.59 mn in its Series B funding round on October 4, 2022, from investors including Cleveland Avenue and Fearless Fund, contributing to a total amount raised of USD 7.59 mn and a current valuation of USD 51.208 mn.Partake Foods specializes in creating a range of allergy-friendly baked goods, with a core focus on cookies. Their product offerings include classic cookies, mini cookies, vanilla wafers, and classic grahams, all formulated without the top nine allergens such as peanuts, eggs, dairy, soy, tree nuts, sesame, fish, wheat, and shellfish. These products cater to individuals with dietary restrictions while appealing to consumers without allergies, promoting inclusivity in snacking. The company markets its products primarily in North America through direct-to-consumer channels and retail partnerships, ensuring broad accessibility.Partake Foods generates revenue through direct-to-consumer sales and partnerships with retailers and wholesalers. The company operates a transactional model, allowing consumers to purchase products online and in physical stores. Their cookies and snacks are marketed as premium offerings, targeting health-conscious consumers and families facing food allergies. The company's commitment to quality safety reflects a mission-driven approach to revenue generation and community engagement.Following its Series B funding round in October 2022, where Partake Foods raised USD 7.59 mn, the company plans to utilize this capital to expand its distribution and support business growth. They are looking to introduce new products, including innovative snack options aimed at enhancing their current lineup. Additionally, Partake Foods is targeting further expansion into more geographical regions within North America, with specific market entry strategies expected to be rolled out within the next 12 months.

## Funding rounds

- Series B, Oct 4, 2022, $7.6M — CircleUp, Kaya Ventures, Cleveland Avenue, Marcy Venture Partners, Black Star Fund, Fearless Fund, Supply Change Capital, Black Capital, FF2032
- Series B, Mar 31, 2022, $2.9M — CircleUp, Cleveland Avenue, Marcy Venture Partners, Black Star Fund, Fearless Fund, Supply Change Capital, KAYA, Black Capital, FF2032
- Series A, Dec 21, 2020, $4.8M — Lotus Bakeries, CircleUp, Marcy Venture Partners, Black Star Fund
- Seed, May 22, 2019, $1M — Social Finance, Inc., Marcy Venture Partners, FactoryBackstage Capital

## Investors

- Social Finance, Inc. — Seed
- Marcy Venture Partners (https://capitalatlas.ai/funds/marcy-venture-partners) — Seed, Series A, Series B
- FactoryBackstage Capital — Seed
- Lotus Bakeries — Series A
- CircleUp (https://capitalatlas.ai/funds/circleup) — Series A, Series B
- Black Star Fund (https://capitalatlas.ai/funds/black-star-fund) — Series A, Series B
- Cleveland Avenue (https://capitalatlas.ai/funds/cleveland-avenue) — Series B
- Fearless Fund (https://capitalatlas.ai/funds/fearless-fund) — Series B
- Supply Change Capital (https://capitalatlas.ai/funds/supply-change-capital) — Series B
- KAYA (https://capitalatlas.ai/funds/kaya) — Series B
- Black Capital (https://capitalatlas.ai/funds/black-capital) — Series B
- FF2032 (https://capitalatlas.ai/funds/ff2032) — Series B
- Kaya Ventures — Series B