Quinn raises three million dollars to fund rapid expansion
Louisville, Colorado. The $3 million Series D capital round for Quinn, which produces grain-free pretzels and microwave popcorn, was led by the board of directors and current investors John Foraker, Gil Fronzaglia, BFG Partners, Sunil Thakor, and an investing arm of the Lissette family. The company intends to use the money raised to fund the development of new products as well as its expanding retail and online distribution networks.
Quinn’s creator and CEO, Kristy Lewis, stated, “We are thrilled that our current group of investors continues to share in our vision and excitement about the brand’s momentum.” “Every partner we have brings a wealth of experience to help us take our brand to the next level of development.”
Established in 2010, Quinn advocates for “farm-to-bag” ingredient transparency for its snacks, which are available in over 7,000 retail locations across the country. The company has boosted its distribution in Whole Foods Market, Kroger, Wegmans, and expanded into Walmart shops throughout the past year. Partnerships with online retailers Imperfect Foods, Hungryroot, and Thrive Market allowed the business to develop even more. The company claims that because of its expanded base and ongoing efforts to produce new products, Quinn’s sales rose by 65% overall this year compared to last.
Recently, Quinn expanded its management group as well. Chief operating officer Brett Atkinson, formerly of the natural pet food brand “I and love and you” and Boston Beer Co., was appointed, while vice president Al Matulis, formerly of Custom Foods and Kellogg Co., joined Quinn chief sales officer. Additional recent appointments were Stacey Benham, who was appointed director of marketing, Katherine Siriani, who was appointed director of sales – natural, and Jeff Nelson, who was appointed director of sales – conventional.