Boulder, CO — Artisan nut roaster Olomomo Nut Co. has reached a milestone in its national growth strategy by securing $450,000 in funding with help from angel investors through the CircleUp crowd-funding platform, the company reports.
CEO Mark Owens tells Candy & Snack TODAY the funding will be used for marketing and sales support purposes, adding: “The focus is maintaining the growth experienced during the past year.”
He says the company found a number of investors through the platform that had strong CPG backgrounds including Brad Feld, of the Foundry Group, key natural food industry veterans, and a variety of finance, technology and marketing experts.
“They have brought a lot to the table,” Owens says of the investors. “However, it is still limited because they are angel investors and are busy with their own businesses and projects, but they have definitely offered a lot of support.”
Olomomo’s all-natural and gluten-free almonds and walnuts are available in four flavors and roasted pecans come in five varieties. The company reports it will release new flavors early this year.