Kidfresh to accelerate growth, new product innovation thanks to new round of funding
This financing will be used to accelerate growth, drive further brand awareness and support new product innovation.
Kidfresh, New York, closed a new round of funding led by its existing institutional investors Monogram Capital Partners, Los Angeles; Emil Capital Partners, Greenwich, Conn.; and AccelFoods, New York. This financing will be used to accelerate growth, drive further brand awareness and support new product innovation.
"Children need better food, and parents are increasingly looking for healthier options," says Matt Cohen, founder and CEO. "Having recently sold our 20 millionth meal, we are delighted to see so many consumers who love the quality of our products and the Kidfresh mission. It is exciting to see our group of investors renew their support, as we continue to grow the company nationally and expand into new product categories. 2019 will be our best year yet."
"We are thrilled to continue to support the Kidfresh team in this exciting next phase of growth," says Jared Stein, founder and partner of Monogram. "Kidfresh has continued to pave the path of innovation in this category, setting the standards for better nutrition and quality for kids; the roadmap ahead of future innovation for the company has never been more exciting."
"Emil Capital has been an early partner of Kidfresh, and we continue to see the growth acceleration that we were counting on," says Marcel Bens, partner and COO, Emil Capital. "The company has proven that there is the demand and a growing need for better kids' food options. The sky is the limit."
“Kidfresh is transforming the frozen aisle and the way parents are feeding their families. With its hidden veggies, Kidfresh provides parents with a fresh, nutritious and convenient meal solution that children love and parents can truly appreciate. This is a big year for Kidfresh, and we are thrilled to be supporting their growth," adds Hannah McCain, vice president of AccelFoods.