Austin, Texas-based Siete Household Meals has raised $90 million to broaden its better-for-you Mexican-American meals model, studies Austin American-Statesman. The corporate says the funding, led by New York-based development fairness agency Stripes, will present sources wanted to proceed growth, together with new product improvement and expanded distribution.
Siete launched in 2014 and sells its grain-free chips, grain-free tortillas, sizzling sauces, and dairy-free queso in additional than 4,400 shops nationwide. The enterprise began when Veronica Garza, the corporate’s president, was identified with a number of autoimmune issues and determined to alter to a grain-free, low-inflammation food regimen. She started experimenting with household recipes, which ultimately led to creating tortillas with almond flour. Alongside together with her mom and brother, Garza launched Siete Household Meals, named for seven members of the family concerned with the corporate.
Siete beforehand raised about $1 million from family and friends, doubling its workers over the previous yr to 40 staff. The corporate plans to double that determine once more in 2019, in line with the report. Full Story
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