# RIND Snacks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rind-snacks

- Industry: Food
- Headquarters: New York, US
- Website: www.rindsnacks.com
- Total disclosed funding: $8.3M
- Latest round: Series A (May 14, 2021)
- Investors on record: 2

## About

RIND Snacks, Inc. is a producer of innovative whole fruit snacks that emphasize the use of fruit peels, delivering nutritious, environmentally friendly snack options. The company targets health-conscious consumers seeking sustainable alternatives to traditional snacks.RIND Snacks, Inc. was founded in 2017 in New York, US. The company specializes in creating snacks that utilize the nutritional benefits of fruit peels, offering a unique approach to fruit snacking. The firm has successfully completed four funding deals, raising a total of USD 1.495 mn, with the latest funding round occurring on April 28, 2023, where they secured USD 1.495 mn in venture funding. The company is led by CEO Matt Weiss, who, alongside co-founder Ben Cohn, has been pivotal in the business’s development and strategy.RIND Snacks, Inc. specializes in producing whole fruit snacks that leverage the nutritional value of fruit peels, which are often discarded. Their core product offerings include a variety of dried fruit snacks that are characterized by their inclusion of fruit skins, enhancing fiber, vitamin, and antioxidant content while promoting a zero-waste approach. The snacks cater to health-conscious consumers looking for tasty alternatives to traditional fruit snacks, positioning themselves as "nature's candy." RIND's products are available in key geographical markets across the United States, including major urban centers and health-focused retailers. The customer base consists of individuals seeking convenient, nutritious snacks, as well as families and health-oriented consumers who value sustainability in their food choices.RIND Snacks, Inc. generates revenue primarily through direct-to-consumer sales and partnerships with retailers and wholesalers. The transaction structure typically involves consumers purchasing products directly from the company's online platform, as well as through various retail outlets where RIND products are available. Their flagship offerings, such as the Orchard and Cocoa Berry snacks, are sold at set price points reflective of their premium positioning in the market. The firm offers free shipping on orders over a specified amount, enhancing the appeal of bulk purchases for individual consumers and retailers alike. These sales strategies contribute to the company's revenue stream, aligning with its mission to provide healthy, sustainable snacks while minimizing food waste.In April 2023, RIND Snacks, Inc. raised USD 1.49 million in venture funding from unspecified investors as part of a larger USD 4.49 million equity round. The recent funding will be utilized to support the development of new product lines and to expand into additional geographic markets. The company plans to introduce new snacks focusing on different fruit varieties and enhance their distribution capabilities in urban areas across the US, with specific targets set for the upcoming year.

## Funding rounds

- Series A, May 14, 2021, $6.1M — Valor Equity Partners, Melitas Ventures
- Seed, Jan 21, 2020, $2.3M — Melitas Ventures

## Investors

- Melitas Ventures (https://capitalatlas.ai/funds/melitas-ventures) — Seed, Series A
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series A