What is Exo?
EXO Protein is at the forefront of the alternative protein movement, leveraging sustainable Acheta Protein derived from crickets to create a range of nutritious food products. Their portfolio includes protein bars, powders, and breakfast bars, all formulated to be non-GMO, gluten-free, and dairy-free. The company targets health-conscious consumers and athletes who prioritize performance and environmental sustainability. EXO Protein's mission is to promote a 'performance without compromise' philosophy, encouraging a shift towards more planet-friendly food choices and championing the Acheta revolution.
How much funding has Exo raised?
Exo has raised a total of $5.7M across 2 funding rounds:
Angel/Seed
$1.7M
Series A
$4M
Angel/Seed (2014): $1.7M with participation from Start Garden and Collaborative Fund
Series A (2016): $4M led by AccelFoods and Collaborative Fund
Key Investors in Exo
Start Garden
Start Garden is a community-focused organization that supports entrepreneurs through resources and funding. They are known for their involvement in early-stage ventures, providing a crucial launchpad for innovative businesses.
Collaborative Fund
Collaborative Fund is a venture capital firm that invests in entrepreneurs driving positive global change. Their portfolio includes notable companies in the sustainable and consumer goods sectors, indicating a strategic focus on impactful businesses.
AccelFoods
AccelFoods is an early-stage venture fund specializing in consumer products, particularly within the food and beverage industry. They provide hands-on support and capital to help scale innovative brands.
What's next for Exo?
With substantial enterprise-level backing, Exo is poised for accelerated growth and market expansion. The company's focus on sustainable protein sources aligns with increasing consumer demand for eco-friendly and health-conscious food options. Future strategies will likely involve scaling production, broadening product lines, and enhancing market penetration within the health and wellness sectors. Continued investment in research and development for Acheta Protein applications will be crucial for maintaining a competitive edge and solidifying its position as a leader in the sustainable food industry.
See full Exo company page
