This episode of Entrepreneur Elevator Pitch: On the Street brings wild flavors and big opportunities. Jenn Brown introduces Foraged & Found, a brand turning wild-foraged superfoods like kelp into delicious pickles and spreads.
With 65% gross margins, distribution in 135 Whole Foods locations and 11x year over year growth in ecommerce sales, Investor Rogers Healy is impressed. But the big question is... will he invest?
Smart business buying starts with Amazon Business. Learn more here: https://entm.ag/amazonbusines
With 65% gross margins, distribution in 135 Whole Foods locations and 11x year over year growth in ecommerce sales, Investor Rogers Healy is impressed. But the big question is... will he invest?
Smart business buying starts with Amazon Business. Learn more here: https://entm.ag/amazonbusines
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NewsTranscript
00:00I love this pitch. Would I invest? Watch it, and I'll tell you after.
00:04What if I told you there's a vegetable that helps keep your brain sharp,
00:06boosts your immunity, and keeps you slim? There is, and it's called kelp.
00:10At Foraged & Found, we're transforming kelp into premium pickles and spreads
00:14that surprise and delight consumers. We're already in 135 Whole Foods stores,
00:18we have 65% gross margins, and our e-commerce sales have increased 11x year over year,
00:23proving that consumers are looking for kelp products. We're seeking $500K in a pre-seed round
00:28to elevate our brand in this new and exciting space in food.
00:3160 plus percent margins, that's incredible. Distribution at almost 100 locations,
00:36that's great too. Year over year growth is great. How many years have you been growing? When did
00:41the company launch? What are the actual historic sales? Stuff like this actually has real, real
00:46big potential. It's part of the Better For You movement, which is something that's probably never
00:49going to go away. It doesn't necessarily excite me, because I think that this is something that
00:53is probably a very specific taste. And for stuff like that, I probably would pass, just given the
00:59fact that this is not a wide market play. Really interesting pitch, but it doesn't really excite
01:04me enough to pursue it. Thank you so much for doing Elevator Pitch on the street. In order to
01:09show our gratitude, Amazon Business would like to gift you a $500 gift card to use for whatever
01:15you need. Amazing!