Avoke
About this raise
Avoke is the first packaged smoothie bowl so you can just grab and go! Their patented avocado cup design uses BPA-free lightweight plastic cups with an eco-friendly spoon and contains half an avocado and two full servings of fresh fruits and veggies. So far, they’ve been nominated for the Nexty Award at the Natural Products Expo East and won the Ganeden Probiotic Jumpstart Competition. Plus, they’ve earned 10,000 followers on Instagram. In the summer of 2018, they’re launching in New York Metro and East Coast speciality and conventional retailers and grocery chains.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 08/02/2018
- Close Date
- 09/28/2018
$10,000
$107,000
$25
SAFE
Early Stage
RegCF
$3,000,000
20%
Company & Team
Company
- Year Founded
- 2014
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- Brooklyn, New York
- Company Website
-
Visit Website
Team
- Employees
- 2
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/28/2018 | Republic | $3,000,000 | $0 | SAFE | Not Funded | RegCF |
Founder Interview
Founder Profile: The Super Team Making The Superfood Avocados Mainstream
During my time in strategy consulting I analyzed a plethora of growth equity deals. 95% of them had weaknesses that would have kept me at bay. Only a couple of products were exciting enough from a growth profile that I wanted to put my money behind them.
Both instances involved natural food snack companies that were growing at an exorbitant rate. This growth is driven by the fast pace of growth at the intersection of snacking and healthy eating. This is why I am so excited to cover the Avoke story. The team is working to bring avocados to your everyday snacking lineup.
This on-trend product will have an opportunity to become a snacking staple as Americans demand more superfood products and delicious snacks. Check out how this team is executing on their vision in our latest founder profile with Esther Bernstein, Co-Founder & CEO of Avoke.