Carol Ortenberg
Posts by Carol Ortenberg
LesserEvil Brings in $19M, Reports 40% Bump in Valuation
Snack brand LesserEvil has closed a roughly $19 million capital raise, as it seeks to bet big on single-serve snacking and automation. Of the total raise, $13.5 million will go towards offering early investors liquidity while $5.5 million will go to the company as a primary transaction.
CPG Experts Team Up to Launch $312M Fund Humble Growth
Today Nick Giannuzzi, founder of law firm Giannuzzi Lewendon, along with RxBar founder Peter Rahal and Orgain founder Andrew Abraham, announced the official launch of their venture firm Humble Growth, which is debuting with a first fund of $312 million.
Sir Kensington’s Co-Founder, Fidelity Unveil New Fund
In a LinkedIn post yesterday, Sir Kensington’s co-founder Scott Norton unveiled Unfold Ventures, a $300 million Fidelity-owned fund “dedicated to backing the next generation of breakthrough consumer companies”
Whiz Kid: Toodaloo CEO Joins Wiz Khalifa to Launch MISTERCAP’s
The rapper Wiz Khalifa, Philippe Chetrit, CEO of adaptogenic-enhanced snack brand Toodaloo; and the co-founders of Khalifa Kush, Tim Hunkele and DJ Saul, have joined together to launch MISTERCAP’s, a new line of mushroom-based products.
Outstanding Expands Snack Portfolio With Stuffins Launch
Continuing its strategic pivot towards reinventing familiar snack categories, Outstanding Foods announced today the launch of Stuffins, a vegan-friendly take on a Combo with an enhanced nutritional profile.
Get that Cheddar: Goodles Raises $13M to ‘Out Weird’ the Competition
Mac and Cheese and pasta brand Goodles announced yesterday a $13 million in new capital as it looks to take on its blue box and bunny competitors.
Following Teen’s Death, Paqui Pulls “One Chip Challenge” From Shelves
Following the death of a Massachusetts teen who took the Paqui “One Chip Challenge,” Amplify Brands, a subsidiary of parent company Hershey’s, said it will pull the product from stores.
Seeking Category, Channel Expansion, SkinnyDipped Raises $12M for Growth
Confection and nut brand SkinnyDipped raised $12 million, according to an announcement today. The round saw participation from both notable individuals and venture entities associated with celebrities and entrepreneurs.
Products, Processes and Positioning: Inside Cappello’s Push to Profitability
Cappello’s has been in business for over a decade, but the premium frozen food maker is still evolving, according to founder and CEO, Ben Frohlichstein.
Challenge Accepted: Brazi Bites Launches TikTok Inspired Waffles
Having found room to create a burgeoning platform brand within the frozen food set, Brazi Bites now has its sights set on breakfast. .