South 40 Snacks raises nearly $6M to grow its seed-based snack line
What's the deal? South 40 Snacks has raised $6 million, according to a Form D filed with the Securities and Exchange Commission on August 10. Scott Greenburg, founder and partner at Seattle-based FarPoint Venture LawDealroom has a profile for this one. Try Dealroom →, joined the company's board alongside the round.
Who's behind it? The company was founded in 2018 by Josh Schroeter, the founder and former chief executive officer of nut mix brand Sahale SnacksDealroom has a profile for this one. Try Dealroom →. It built its business originally around a variety of sunflower seed snacks.
What's the endgame? The brand's portfolio has since expanded beyond seeds. It now includes nut and seed bars, dried fruit bars, and Craft Bars, which mix nuts, seeds, and spices.
The signal: The raise signals continued investor appetite for better-for-you snacking brands built by proven operators. Schroeter's track record with Sahale Snacks gives the seed-based bet a familiar playbook to build on.
Read more: nosh.com
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