# spudsy

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

- Industry: Food
- Headquarters: US
- Website: www.spudsy.com
- Total disclosed funding: $3.3M
- Latest round: Series A (Sep 30, 2021)
- Investors on record: 2

## About

Spudsy Inc. is a food company focused on creating innovative snack products made from upcycled sweet potatoes, aiming to reduce food waste while providing healthy, flavorful options for consumers.Founded in 2017 in the United States, Spudsy Inc. produces snacks primarily from sweet potatoes that would otherwise be discarded. The company has secured a total of USD 3.3 mn in funding, with the latest Series A round completed on September 30, 2021, co-led by KarpReilly and Stage 1 Fund. Ashley Rogers serves as both CEO and founder of the company.Spudsy specializes in the production of innovative snacks primarily made from upcycled sweet potatoes that would otherwise go to waste due to their appearance. Their core product offerings include a variety of sweet potato puffs and fries, which are non-GMO and gluten-free, catering to health-conscious consumers. Notable items include Vegan Cheezy Cheddar Sweet Potato Puffs, Cinnamon Churro Sweet Potato Puffs, and a range of sweet potato fries in flavors such as Zesty Ranch and Classic Cheddar. These products aim to provide delicious and convenient snack options while addressing food waste issues, appealing to environmentally aware customers. Spudsy products are distributed across various grocery stores in the United States, targeting a diverse clientele that includes families, young adults, and health-focused individuals seeking alternative snacks.The revenue model for Spudsy primarily revolves around retail sales of its snack products to consumers through grocery stores. The company establishes partnerships with retailers to ensure wide distribution of its flagship offerings, such as the Vegan Cheezy Cheddar Sweet Potato Puffs and Cinnamon Churro Sweet Potato Puffs. Transactions typically occur on a wholesale basis, wherein retailers purchase products in bulk directly from Spudsy, allowing them to set consumer-facing prices. This structure enables Spudsy to maintain a consistent presence within the snack food market, while also fostering relationships with buyers who share a commitment to sustainability. The company’s pricing strategy is designed to remain competitive within the snack food industry, targeting consumers who are willing to pay a premium for unique, healthy, and environmentally friendly snack options.In September 2021, Spudsy Inc. raised USD 3.3 mn in Series A funding to accelerate its growth and enhance its commitment to upcycling. The funds will be used to enter new sales channels and reach new customers. The company plans to develop and launch new product lines, although specific details on product launches have yet to be disclosed. Additionally, Spudsy aims to expand its market presence beyond its current distribution networks within the United States, although specific geographic regions targeted for expansion have not yet been identified.

## Funding rounds

- Series A, Sep 30, 2021, $3.3M — KarpReilly, Stage 1 Fund
- Series A, Sep 1, 2021 — Stage 1 Fund
- Seed, Jun 7, 2019 — Stage 1 Fund

## Investors

- Stage 1 Fund (https://capitalatlas.ai/funds/stage-1-fund) — Seed, Series A
- KarpReilly (https://capitalatlas.ai/funds/karpreilly) — Series A