Natural foods snack company Quinn Snacks has raised $10 million in a funding round led by growth equity firm NewRoad Capital Partners.
Established in 2010, Quinn offers a range of savoury and sweet snacks, including pretzels, microwave popcorn, and more. The company also claims to be committed to food transparency and to supporting regenerative agriculture.
In addition to NewRoad, the brand’s latest funding round received participation from Boulder Food Group, Echo Capital and Sunil Thakor.
Quinn – which claims that it has seen 60% growth in revenue year over year since 2019 – says that the funding will support product innovation, the brand’s growth and its sustainability efforts.
Michele Meyer, an operating partner at NewRoad Capital Partners and former president of General Mills operating unit Small Planet Foods, is also joining Quinn’s board of directors.
“For the past ten years, I have been on a mission to revolutionise food by telling people exactly where their food comes from, supporting our ag partners and making better-for-you snacks for people and their families,” said Kristy Lewis, founder and CEO of Quinn.
“NewRoad completely understands our vision to be a force of good in the snack aisle. We are thrilled to have the support of a group that truly values our mission to be and do better.”
Michele Meyer, NewRoad operating partner and Quinn board member, added: “Successful brands require authenticity and a penchant for innovation. Quinn has exhibited both to the highest degree.
“We believe in Quinn’s mission to provide better transparency to their customers, better ingredients in their products and a better taste profile than its competition. Quinn is really changing the game in snacks and we couldn’t be more excited to help them on their next chapter of growth.”
Last year, Quinn secured an undisclosed minority investment from The Hershey Company, as it looked to increase its distribution.
© FoodBev Media Ltd 2021
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