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Good Good

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Marketplace for sweeteners and healthy food products

Austin, United StatesFounded 2015Food
Valuation $100–250M Last recorded · 2022
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Good Good and the history behind them.

About Good Good

Good Good ehf, operating under the brand name GOOD GOOD™, is an Icelandic food company established in 2015. The venture was founded by Gardar Stefansson, Agnar Lemacks, and Johann Kristjansson, who aimed to address the consumer need for healthier food options by eliminating sugar. Stefansson, the current CEO, has a background in entrepreneurship, co-founding a digital marketing agency and an app development company prior to this venture. This experience in branding and digital presence appears to have been leveraged in building the GOOD GOOD™ brand.

The company specializes in the development and sale of food products with no added sugar, targeting health-conscious consumers. Its product portfolio began with a natural stevia sweetener and has since expanded to include a variety of jams, spreads, and syrups, all adhering to its core principle of no added sugars. The product line features items such as fruit jams under the 'Keto Friendly Jam' label, 'Choco Hazel' and 'Belgian Choco' spreads, and maple-flavored syrup. These products are formulated to be suitable for diabetic, ketogenic, vegan, and vegetarian diets, indicating a focus on specific dietary niches within the broader health food market.

GOOD GOOD™ operates on a business-to-consumer (B2C) model, distributing its products through a combination of online and traditional retail channels. Its products are available in over 36 countries, with a significant presence in the United States, the United Kingdom, and the Netherlands. The company has secured listings in more than 10,000 retail stores globally, including major chains like Walmart in the US. Revenue is generated directly from the sale of these consumer-packaged goods. The company's expansion into major international markets and its growing retail footprint suggest a scalable business model focused on capturing a share of the global market for healthy and specialty food products.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Austin, United States
Employees
30
Open positions
None listed
Dealroom signal
79.8/100
Industry
Food
Sub-industry
Innovative Food
Sector
Food, Nordic Impact 2021, Nordic Rising Star 2022, Top 50 Nordic Rising Star 2022 Iceland
Business model
Manufacturing
Client focus
b2c

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing May 2022 $20M $80M Strategic Investment Advisors ↗
SERIES AOther financing Oct 2021 $2M $14M Aton.JL · Icepharma · K2B Investments —
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Growth signals

Good Good website traffic

Latest recorded traffic for Good Good is 15K monthly website visits, down 25% over the last three months. Good Good's team grew 3.4% over the past year.

Latest monthly visits15K 3-month web change-25% 1-year team growth+3.4%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

  • Icepharma
  • Aton.JL
  • K2B Investments
  • Strategic Investment Advisors
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇮🇸 Iceland45.5%
🇺🇸 United States45.5%
🇪🇸 Spain9.1%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Good Good on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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