This is the Little Spoon pitch deck to raise a $22m series-a round in 2021.
About
Little Spoon designs high quality products for a child’s most formative years, starting with the baby’s first bites.
The $67 billion baby food market has become more crowded in recent years with new startups from Yumi to Amara that are pitching healthy options.
One of them is Little Spoon, a 3-year-old organic baby food home subscription service. It raised $22 million in December in its Series A round that was led by Valor Equity Partners and included Vaultier7, Kairos Ventures, and tennis star Serena Williams.
Little Spoon pitches its products as healthier than established brands, with no additives, preservatives, or GMOs.
“We realized that millennial parents had different standards for what they buy and feed their kids as compared to previous generations, and the options in baby food just hadn’t caught up,” said Lisa Barnett, president and CMO of Little Spoon.
Barnett said company sales had grown 300% year-over-year since its launch, without giving specifics. She added that the company had delivered over 6 million meals.
Little Spoon started with baby products and expanded to meals for toddlers and kids as more parents started working from home during the pandemic.
It plans to use the new funding to hire, expand to categories like snacks and dessert, and do more marketing, which has mostly focused on organic, content, and word-of-mouth channels like its parenting-focused website “Is This Normal” and influencers such as fashion designer Rebecca Minkoff answering parenting questions.
Funding Rounds
Announced Date
|
Transaction Name | Number of Investors | Money Raised | Lead Investors |
Jul 20, 2021 | Series B – Little Spoon | 2 | $44M |
Valor Equity Partners
|
Jan 1, 2020 | Series A – Little Spoon | 9 | $22M |
Valor Equity Partners
|
Feb 5, 2019 | Venture Round – Little Spoon | 9 | $7M | Vaultier7 |
Sep 18, 2017 | Pre Seed Round – Little Spoon | 5 | — | — |
Nov 3, 2016 | Seed Round – Little Spoon | 1 | — | Kairos |
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Deck Collection
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