For Immediate Release:
Olomomo Nut Company Secures Crowd Funding Investment as Growth Accelerates
BOULDER, CO (January 8, 2014) – OLOMOMO Nut Co., a leading, Boulder, CO-based producer of all-natural, gluten-free, artisan-roasted nuts, achieved a key milestone in its national growth strategy today by securing a $450,000 round of funding with help from angel investor crowd-funding platform, CircleUp. Founded in 2012, CircleUp is an internet-based platform primarily for natural consumer packaged goods companies aiming to reach accredited investors. OLOMOMO was one of the first companies featured as part of CircleUp’s Seeds Program for startups under $1 million in revenue.
“We are incredibly grateful to CircleUp for backing this fundraising round. The exposure on CircleUp put us in front of thousands of potential investors we would never have accessed through our own limited time and network,” said OLOMOMO CEO Mark Owens. “We also attracted some very experienced and influential angel investors with the help of CircleUp – including Brad Feld of the Foundry Group, a couple of key natural food industry veterans, and a variety of finance, tech and CPG marketing experts.”
CircleUp’s CEO Ryan Caldbeck is thrilled to welcome OLOMOMO to the platform’s community of funded companies. “Snacking is on the rise and consumers are looking for healthier ways to snack. OLOMOMO leverages these trends in the market in an exciting way with strong branding and a healthy habit-forming product with unique flavors. We were excited by the team’s experience in the food sector and their commitment to building an authentic brand within the nut category,” he said.
OLOMOMO's current flavored nut product line is kettle-roasted using a new twist on centuries-old techniques, and lightly seasoned with individual spices to prevent masking the nut’s inherent flavor. According to founder Justin Perkins, “I’m a busy professional, a dad, and a weekend-warrior athlete who depends on sustained, even energy. I wanted a snack that wasn’t overly sweet or salty; I don’t have time for sugar crashes and ingredients that are dehydrating. Therefore, all of our products adhere to that guiding principle of minimal sugar, low-salt, but loads of flavor.”
Current flavor offerings have the following attributes: all natural and organic ingredients, vegan, gluten free, dairy free, no trans fat, no added oils, no cholesterol, no preservatives, no artificial colors, no artificial sweeteners and no GMO ingredients.
The folks at OLOMOMO use distinctive, fair-trade spice combinations to create mind-blowing roasted almond, pecan and walnut flavors including Cherry Vanilla Dream, Chai Bliss, Mango Chipotle Zinger, and Righteous Cinnamon Cayenne, available in 1.5-oz. and 4-oz. sizes - and Cosmic Maple Masala Pecans, available in 3.25-oz. bags. The company plans to roll out new flavors in early 2014.
OLOMOMO Nut Company – The Good Nuts™ -- is a cause-oriented brand with a mission to do and inspire more good in the world while creating a healthy snack alternative.
About OLOMOMO Nut Company
OLOMOMO - The Good Nuts™ - offers healthful, artisan-roasted, all natural nuts. Since launching in 2008 at Boulder, CO area farmers’ markets, OLOMOMO has grown to be the snack of choice for thousands. OLOMOMO Nut Co. is a sustainable business with a commitment to fair labor practices, all natural and organic ingredients, and a wide variety of environmental and social causes. OLOMOMO Nuts inspires people to... ”Be Nutty. Be Good. Be Adventurous™.”
OLOMOMO is now available at more than 80 natural grocery stores and 250 coffee shops and smoothie shops nationwide, including Whole Foods Markets in Colorado, Alfalfa's Market, Natural Grocers by Vitamin Cottage, Akin's Natural Foods, Smoothie King and other leading retailers. OLOMOMO is now available nationally through distributors KeHE/ Tree of Life, Garden Spot, Shamrock Foods, and Barista Pro Shop. For more information, visit www.olomomo.com, contact Mark Owens, firstname.lastname@example.org, 303-242-5509, or join the community atwww.olomomo.com/facebook.
CircleUp (www.circleup.com) is an online private company investment platform. CircleUp provides accredited investors free access to direct investments in high-growth consumer product and retail private companies that were previously difficult to identify and access. For retail and consumer product entrepreneurs, CircleUp offers an efficient way to access a network of sophisticated investors as well as value-added partners.
As one of the largest equity based crowdfunding sites, CircleUp provides not only access to interesting consumer and retail private company investments, but also a wide ranging, sophisticated investor network. The platform’s investor base includes retail and consumer product industry experts, venture capital, private equity and other financial professionals, business leaders, angel investors and others interested in expanding their investment portfolios with private company investments.
Communications by Compass Natural Marketing
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