What is Exo?
EXO Protein specializes in creating nutritious and delicious products derived from Acheta Protein, a sustainable cricket-based protein source. Their product line encompasses protein bars, powders, and breakfast bars, all engineered to deliver essential nutrients while minimizing ecological impact. The company targets health-conscious consumers and athletes, emphasizing non-GMO, gluten-free, and dairy-free options. EXO Protein champions a philosophy of performance without planetary compromise, inviting customers to embrace 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 Collaborative Fund and Start Garden
Series A (2016): $4M led by Collaborative Fund and AccelFoods
Key Investors in Exo
Collaborative Fund
Collaborative Fund is a venture capital firm with over $500 million in assets under management, known for backing entrepreneurs driving positive global change. Their investment portfolio includes notable companies in the sustainable and tech sectors, indicating a strategic focus on future-forward businesses.
AccelFoods
AccelFoods is an early-stage venture fund dedicated to investing in innovative consumer products, particularly within the food and beverage industry. They actively partner with founders to scale businesses, leveraging their expertise and network to build enduring brands.
Start Garden
Start Garden is a community-focused organization that supports entrepreneurs through various programs, including funding and networking opportunities. Their involvement suggests a commitment to fostering early-stage innovation and supporting businesses with strong growth potential.
What's next for Exo?
With the recent influx of capital, Exo is poised for significant expansion. The company's focus on sustainable protein sources aligns with increasing consumer demand for eco-friendly and health-forward food options. Future growth is likely to involve scaling production, broadening distribution channels, and potentially developing new product lines to capture a larger share of the alternative protein market. Continued investment in research and development will be crucial to maintaining a competitive edge and innovating within the sustainable food sector.
See full Exo company page
