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Hero Bread

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We make bread the way it should be

San Francisco, United StatesFounded 2018eCommerce & Marketplaces
Valuation $100–250M Last recorded · 2024
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Hero Bread and the history behind them.

About Hero Bread

Hero Bread is a food innovation company focused on the baked goods sector, producing low-carbohydrate alternatives to traditional bread products. The company was founded by Cole Glass, whose personal journey with severe food allergies to fruits, vegetables, and nuts restricted his diet and led him to seek a solution to enjoy bread without adverse health consequences. After years of personal experimentation, starting in 2017, Glass developed a flour alternative that met his dietary needs, forming the basis of the company's products. The company, initially Hero Labs, was founded in 2019 and officially launched in 2021.

The company's business model is omnichannel, combining direct-to-consumer (DTC) online sales with a growing retail presence. Revenue is generated from the sale of its products through its website, where it maintains a strong repeat purchase rate, and through partnerships with grocery stores and restaurant chains. Hero Bread first entered the market through a partnership with select Subway restaurants and has since expanded its retail footprint to thousands of stores, including major chains like Publix, Sprouts Farmers Market, and Albertsons. The company's strategy involves building brand awareness and loyalty through both its DTC channel, which allows for direct engagement with its most loyal customers, and by expanding its SKUs and promotions within its retail partner locations.

Hero Bread's product line includes sliced breads, buns, tortillas, and croissants, all formulated to be low in net carbs and sugar while being high in protein and fiber. For instance, a slice of their Classic White Bread contains 0g net carbs, 0g sugar, 45 calories, 5g of protein, and 11g of fiber. The core of their formulation is a proprietary blend of ingredients like resistant wheat starch, wheat protein, fava bean protein, and milled flaxseed, which replaces traditional flour. This composition allows the products to mimic the taste and texture of conventional bread, appealing not only to those on ketogenic diets but also to a broader base of health-conscious consumers. The company has demonstrated a commitment to product iteration, such as reformulating products to use heart-healthy olive oil.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
San Francisco, United States
Employees
36
Open positions
None listed
Dealroom signal
74.7/100
Industry
Food
Sector
eCommerce & Marketplaces
Business model
Marketplace & ecommerce
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC Jun 2024 $21M $84M GreatPoint Ventures · Composite Ventures · Cleveland Avenue · DNS Capital ↗
SERIES B✓Equity / VC May 2023 $15M $60M Union Grove Venture Partners · 444 Capital Fund · Cleveland Avenue · DNS Capital ↗
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023 —
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Growth signals

Hero Bread website traffic

Latest recorded traffic for Hero Bread is 270K monthly website visits, up 3.8% over the last three months. Hero Bread's team grew 9.1% over the past year.

Latest monthly visits270K 3-month web change+3.8% 1-year team growth+9.1%
Summary metrics are public; monthly history is available with a demoCompare with peers →

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Closest operating peers by Dealroom taxonomy

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HF Foods GroupFoodservice distributor for Asian restaurant businesses. Industry, United States Operational
IndependentIndependent Natural Food Retailers Association Saint Paul, United States Operational
GOLDEN ACRE DAIRY FOODSGolden Acre Foods Ltd London, United Kingdom Operational
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

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

Investors

14 investors on the cap table

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

Seed1 investor entered at this stage

  • FirstMile Ventures

Series A9 investors entered at this stage

  • Scribble Ventures
  • Electric Feel Ventures
  • Union Grove Venture Partners
  • 444 Capital Fund
  • Cleveland Avenue
  • DNS Capital
  • Composite Ventures
  • GreatPoint Ventures
  • The D'Amelio Family Fund

Other known investors4 additional known investors

  • Hawktail
  • MIKE McCORMICK
  • Talent Resources Ventures
  • Virtue VC
Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 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
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Hero Bread 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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