This NYC Startup Just Hit $11 Million In Vegan Pizza and Seitan Sales
Written by the VEGPRENEUR team
With a 15 million valuation, Blackbird Foods, the plant-based startup company from New York City, is opening the next fundraising round to the general public viaStartEngine. You can invest for as little as $249!
This is not financial advice.
After establishing a strong presence nationwide, with products stocked in Sprouts, Whole Foods, and Target, Blackbird Foods is excited to unveil its latest venture: a new equity crowdfunding campaign on StartEngine.
Since its inception in 2020, Blackbird has been dedicated to creating top-tier plant-based pizzas and proteins. Their recent innovations include the introduction of a cheeseless Tomato Veggie Pizza, exclusively available at Sprouts, and a Pepperoni Pizza crafted with Beyond Meat. Looking forward, Blackbird plans to expand its offerings with the launch of two new varieties of WINGS later this year.
Emanuel Storch, CEO of Blackbird Foods, is enthusiastic about the company's future. "We see Blackbird Foods as a rapidly growing force in the pizza market. Now, we have an incredible opportunity to elevate Blackbird to new heights. With your backing, I am confident we can achieve this," says Storch.
From 2022 to 2023, Blackbird Foods experienced a remarkable 60% year-over-year increase in sales, while managing to keep the rise in cost of goods sold and expenses to 31% and 21%, respectively. With a presence in over 3,000 retail locations nationwide, Blackbird Foods anticipates continued exponential growth.
Operating its own manufacturing facility in New York City enables Blackbird to maintain control over production and swiftly pursue new product development initiatives. This flexibility facilitated the launch of a successful social campaign this spring, allowing fans to submit and vote for the next limited edition Blackbird Pizza. Moreover, recognizing customer demand for a cheeseless pizza option, Blackbird promptly introduced the Tomato Veggie Pizza (now available at Sprouts). These achievements, among others, underscore Blackbird's status as a rapidly expanding pizza brand, evidenced by a remarkable 188% retail sales growth according to recent SPINS data from the last 24 weeks*.
Investment opportunities in Blackbird Foods are now accessible starting at $249 on the crowdfunding platform, StartEngine, with additional bonuses available for early investors.
*Data reflects the 24-week period ending on October 1st, 2023
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