SnackNation Raises $12 Million
Culver City-based SnackNation which curates and delivers healthy snacks raised $12 million in a Series B round, the company announced May 30.
L.A.-based 3L Capital led the recent round bringing SnackNation’s total venture funding to $22.5 million.
“With retail shelf space shrinking and people spending less time in brick-and-mortar grocery stores, creating new brand-consumer access points – especially with better-for-you products – is essential,” Sean Kelly, chief executive of SnackNation said in a statement.
SnackNation curates and delivers snacks – a mix of bars, chips and trail mix from different brands to homes and offices. Its customers include Microsoft and Mailchimp and prices start at $249 per box.
The three-year-old company counts 150 employees on its payroll.
Manufacturing, retail and trade reporter Shwanika Narayan can be reached at snarayan@labusinessjournal.com or 323-556-8351. Follow her on Twitter @shwanika.
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