Solo Snacks raises BRL 900,000 with crowdfunding to take merchandise exterior Brazil

THE Solo Snacksvegan snack brand, has just received a contribution of R$ 900 thousandwhich had 71 investors through Brazilian equity crowdfunding platform focused on plant-based businesses, Vegan Business. The Brazilian startup, which is already one of the ‘darlings’ in the country with its fruit and vegetable-based snacks with healthy ingredients, is now looking to expand into the international market.

In all, 3,400 investors registered on the platform invested a total of BRL 900,000, with an average ticket of BRL 12,600. This was the fifth round organized by Vegan Business, which has already raised BRL 3.9 million for Brazilian startups since the beginning of this year.

“Vegan Business brings much more than financial resources, which for companies like ours in the startup stage makes a lot of difference, such as governance, well-defined metrics, compliance, among other vital resources for the business. Added to these factors with the purpose and the community of VB, we will be even more prepared to grow in an agile and structured way”, says the CEO and one of the founders of the brand, Anderson Misumi.

Solo Snacks products, especially the ‘Fruta Pocket’ line, are already a reality in Brazil. They are distributed in 1,500 points of sale in the country in 14 states. The brand has also set foot in the European market with customers in Sweden and Portugal. The next step is to arrive in the United States. This new moment passes through the community registered in Vegan Business that believed in the business.

History of Solo Snacks

Created in 2019, Solo Snacks has had a big jump in revenue in recent years, from gross revenue of BRL 500,000 in 2021 to BRL 800,000 in the first half of this year alone. “We project to close the year with R$ 1.7 million in gross sales and R$ 4 million in 2023”, adds Misumi.

As a result of the growth, Solo Snacks wants to strengthen its presence in the country, surpassing 2 thousand points of sale, in addition to intensifying its online sales and export channels, especially for the American market.

Source: Startup