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301 INC

330 University Ave SE, Minneapolis, MN, 55414, United States

Overview

301 is an energetic and enthusiastic team looking to collaborate with emerging food brands; to roll up our sleeves and work together to create breakthrough innovations and build successful businesses. If you have a product that has demonstrated success in the market.

Total investments
15
Lead investments
11
Investments · 12mo
0
Active investors
0

Sector focus

  • Business Development
  • Food and Beverage
  • Service Industry
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Investment portfolio

  • Pots & Co

    Led · Equity · Apr 2021

    Pots & Co produces hand-crafted potted desserts in small batches using natural ingredients and signature reusable ceramic pots. The company makes 16 million handmade desserts a year and produced sales of nearly $2.8M in 2014, rising to $19.5M in 2020. It plans to expand its product range, including a longer-term savory Mezze-style dips line. The business is pursuing expanded retail distribution in the U.S., initially targeting the West Coast and Rocky Mountain regions. All U.S.-distributed products are currently made in Pots & Co’s London factory, and the company will explore U.S. manufacturing capabilities as part of the expansion. Management also plans to invest further in marketing and distribution to grow the brand in the American market.

  • PetPlate

    Led · Series A · Feb 2020

    PetPlate produces human-grade, fresh-cooked dog meals formulated with the help of veterinary nutritionists and delivers personalized meal plans based on breed, allergies, activity level and body condition. Customers provide data and an algorithm recommends specific meals and portioning; meals are produced at a food kitchen in Dallas and shipped to customers or retail partners. The business is subscription-first, with nearly 95% of revenue coming from subscriptions while the company is beginning to build a brick-and-mortar presence. Average customer spend is about $100 per month; since launching in 2017 PetPlate has delivered 15 million meals and reports roughly 100% year-over-year growth. The NYC-based company employs about 25 people; Renaldo Webb serves as CPO and Gertrude Allen is CEO and was an early investor. Pet Plate is a NYC-based subscription service offering personalized, fresh-cooked meals formulated by veterinary nutritionist Dr. Renee Streeter, DVM, DACVN. Meals are prepared in a USDA facility and contain no rendered meats, by-products, artificial preservatives, or additives. The service is personalized for pets at all stages of life and has delivered more than 9.2 million meals to over 300 breeds across 48 states and Washington, D.C. Pet Plate plans to expand its product offering with new recipes, organic treats, and nutritional supplements to provide a more holistic solution for online shoppers. The company will also expand its team and corporate infrastructure to scale the business and grow its customer base. In February 2020 Pet Plate raised $9M in a Series A to fund these initiatives. PetPlate is a NYC-based direct-to-consumer subscription service that delivers fresh-cooked, human-grade meals for dogs. Founded by Renaldo Webb in 2016, the company sells pre-portioned meals that can be served from the fridge or warmed in a microwave. Its meals are kettle-cooked in a USDA facility using fresh meat, produce, and a proprietary blend of vitamins and minerals. Recipes are formulated for a dog’s diet by the company’s veterinary clinical nutritionist, Dr. Renee Streeter. PetPlate closed a $4M seed funding round and will use the funds to scale operations to meet demand.

  • Good Catch

    Participated · Series B · Jan 2020

    Good Catch produces plant-based seafood products created by chef partners and brothers Chad and Derek Sarno and is owned by Gathered Foods. The company closed an oversubscribed Series B funding round with net proceeds totaling over $32 million. Management says the funds will be used to expand distribution across North America, Europe and into Asia. Proceeds will also support the opening of a state-of-the-art manufacturing facility and new product and food-service channel launches in early 2020. Company leadership and investors described the round as recognition of Good Catch’s strategy and strong consumer reception. Quotes in the coverage emphasize growing consumer demand for plant-based alternatives as a driver for the raise. Good Catch Foods produces plant-based seafood using a special “six-bean blend” of pea, soy, chickpea, lentil, fava, and navy beans to recreate fish-like products such as fish-free tuna, crab-free cakes, and fish-free sliders. The company is based in Newton, Pennsylvania. Its product line targets sustainable alternatives to seafood with a stated mission to preserve the ocean’s natural resources while introducing enjoyable seafood choices. The article says the business aims to benefit both consumers and the environment through these products. Good Catch received $8.7 million in capital funding to advance its sustainability mission. Investors in the round are described as interested in helping save the ocean’s ecosystem.

  • Gathered Foods

    Participated · Series B · Jan 2020

    Gathered Foods is an Austin, Texas–based maker of plant-based seafood products under the Good Catch brand. Its portfolio includes single-serve ready-to-eat pouches of Plant-Based Tuna and frozen products such as Plant-Based Fish Burgers, Plant-Based Crab Cakes, and Plant-Based Fish Cakes. Products are available across the U.S., in the U.K. through a partnership with Tesco, in Canada via Loblaws and Sobeys, and in Europe through retailers in the Netherlands and Spain. The company is working with key European distributors and pursuing strategic retail and foodservice partnerships to expand availability globally. Gathered Foods intends to use the funds from its latest bridge round to ramp up product innovation and increase the number of products on the market. The company plans to extend its international retail footprint beginning in Europe, with further expansion planned for later in 2021. Gathered Foods is a NYC-based food tech company that makes Good Catch® plant-based seafood products. Its inaugural offerings use a proprietary six-legume blend (peas, chickpeas, lentils, soy, fava beans and navy beans) developed by founding chef partners Chad and Derek Sarno. All Good Catch products are free of dairy, GMOs, mercury, toxins, microplastics and microfibers and are safe for those with shellfish allergies. The company currently sells Plant Based Fish-Free Tuna in three flavor offerings and its products are available in over 4,500 U.S. retail outlets, with a UK launch planned. Gathered Foods plans to use recent funding to expand distribution across North America, Europe and into Asia, to open a manufacturing facility, and to introduce new products and foodservice channels in early 2020. The company is led by CEO and co-founder Chris Kerr. Gathered Foods makes Good Catch plant-based seafood products, chiefly a tuna alternative. Its Good Catch tuna is sold in 3.3-ounce pouches in three flavors, contains 14 grams of protein, and has an RRP of $4.99. The company is developing a $20 million manufacturing facility in Ohio to scale production of plant-based proteins and meet predicted demand, with completion targeted by the end of this year. The Ohio plant will support production of its plant-based tuna and additional seafood innovations, including vegan “crab” cakes and fish-free “whitefish” burgers planned for spring next year. To fund the new production plant, Gathered Foods closed a $10 million convertible note round co-led by New Crop Capital and Stray Dog Capital. CEO Chris Kerr said the company and its partners are confident about the future of plant-based protein.

  • good culture

    Participated · Equity · Feb 2019

    Founded in 2015, Good Culture is an Austin-based food company focused on reinventing cultured dairy with a clean-label, high-protein product line that includes cottage cheese, sour cream, and cream cheese. The products are sourced from family-farmed cows and purposely exclude artificial additives or stabilizers. The brand positions itself around sustainability, holding B-Corp Certification and partnering with organizations such as 1% for the Planet and Dairy Farmers of America. Having helped rejuvenate the cottage-cheese category, the company aims to broaden its reach and deepen consumer adoption across North America. Future plans involve accelerating product innovation and expanding distribution channels. Good Culture’s mission centers on delivering nutritious, minimally processed dairy while maintaining environmental responsibility. While no revenue or user figures were disclosed, the company’s continued backing from growth-oriented investors underscores its market traction and momentum.

Team

No current team members are available.