What is Exo?
Exo specializes in the development and distribution of high-performance nutritional products derived from Acheta protein, commonly known as cricket protein. By prioritizing sustainable sourcing, the company addresses the growing demand for environmentally conscious food alternatives among health-focused consumers and athletes. Their product portfolio, which includes protein bars, powders, and breakfast solutions, is engineered to be non-GMO, gluten-free, and dairy-free. This strategic positioning allows Exo to capture a significant share of the functional food market, effectively bridging the gap between ecological responsibility and athletic performance. By leveraging the high nutrient density of insect-based protein, Exo is not merely selling a product but is actively promoting a shift in global dietary habits toward more efficient and sustainable protein sources.
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 Collaborative Fund and AccelFoods
Key Investors in Exo
Start Garden
Start Garden is a community-focused organization that supports entrepreneurs through coworking spaces, pitch competitions, and access to essential resources.
Collaborative Fund
Collaborative Fund is a leading source of capital and strategic support for entrepreneurs, with a portfolio that includes major disruptors in the food and technology sectors.
AccelFoods
AccelFoods is an early-stage venture fund that partners with entrepreneurs to bring innovative, high-quality food and beverage products to the forefront of the industry.
What's next for Exo?
Following the successful acquisition of $0, Exo is well-positioned to scale its operations and expand its distribution footprint. The company's strategic roadmap likely involves deepening its supply chain resilience and increasing brand penetration within the competitive health and wellness sector. As the market for alternative proteins continues to mature, Exo's focus on high-quality, sustainable ingredients will be critical in maintaining its competitive advantage. Future growth will likely be driven by product diversification and the scaling of manufacturing capabilities to meet the rising demand for clean-label, high-protein snacks. By maintaining its commitment to the Acheta revolution, Exo is poised to influence the broader food and beverage landscape, potentially attracting further strategic partnerships or acquisition interest as it continues to scale its enterprise-level operations.
See full Exo company page
