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Seed Ranch | GrownAs* Foods isn't accepting new investments

Seed Ranch | GrownAs* Foods’ deadline was February 13, 2024

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Seed Ranch | GrownAs* Foods

Ridiculously Delicious, Plant-Based Mac & Cheese & Spicy Sauces - Flavor in CPG
B2C Food D2C Plant-Based
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$133,078
Raised
83
Investors
Successfully funded and closed on February 13, 2024.
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Opportunity Product Traction Biz. model Competition Vision and strategy Funding Leadership
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Seed Ranch Flavor Co., LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Seed Ranch | GrownAs* Foods Crowd SAFE Seed Ranch Flavor (GrownAs Foods) Form C.pdf
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Hear from some of the 83 people reserved or invested in Seed Ranch | GrownAs* Foods


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Highlights


  • Plant-based is fastest growing CPG market: $8bn (2022) to $37bn (2030)
  • Tastes amazing, even though it's vegan! We are a flavor company.
  • 2023 forecasted sales of $1.2m - 2026 forecasted sales of $10.8m
  • Mac & Cheese launched 0 to 900+ doors in 12 months including Sprouts
  • Sauces in 1,400+ retail locations and featured on hit show Hot Ones
  • Partnering with Sysco to launch cheese sauces into foodservice
  • Seed round of $525k in May 2022 - bootstrapped from 2017-2022

Opportunity


Disrupting the Booming Plant-Based Market with Incredible Flavors One Bite at a Time


Dairy-Free, Plant-Based, and Healthy Living


We are passionate about creating amazing flavors and applying them to interesting categories of plant-based, a market that’s surging. We’ve sold over $3.34m in product to date, focusing on the thesis that vegan foods have historically underperformed on flavor, even though there’s fast-growing demand for plant-based, healthier foods.

The plant-based foods market segment is the fastest growing in CPG, estimated to grow from $8bn in 2022 to $37bn in 2030. 3% of the US population follows a vegan diet free from animal products. In addition, there are 50 million Americans with lactose intolerance and seeking healthier dairy-free diets. 

Americans are seeking ways to enjoy food that is not only delicious but also nutritious, clean, and guilt-free.



Product


Classic Favorites That Are Delicious and Plant-Based

Since 1937, Kraft Mac and Cheese has been the leader in this category we call 'Mac and Cheese'. More and more consumers are realizing that this classic they created has ingredients that are not so good for you, including phthalates and sodium phosphate.  

In large numbers, consumers are moving away from Kraft and looking for healthier options that can provide functional nutrition including better ingredients and added value like clean protein.

There are a few other options for Mac and Cheese on the market, and we set out to create the best one, both in taste and nutrition.

This journey into making a better Mac and Cheese led to launching GrownAs* Foods during the Covid-19 pandemic. We took unique flavors and ingredients and formulated them into our founder's children's favorite food - mac & cheese.  


Imagine the mac you loved as a kid, but with zero cholesterol, high in plant-based protein, and most importantly, forking delicious. GrownAs* Mac is a delicious, modern take on a childhood favorite now available in nearly 1,000 stores!

We want everyone to feed their inner child or their actual child, so we launched Classic and Truffle flavors. Classic is just like the blue box you see everywhere, only better with cleaner, simpler ingredients. Truffle is loaded with real black truffles to inspire your everyday gourmet.

Taste is King, but on the way to Flavortown we also use nutritious, clean ingredients. The results are clear: 10g of protein per serving, lower sodium, B vitamins, and zero trans fats or cholesterol. No more compromising on flavor and adding peas to make your mac healthier.

Before the Mac & Cheese came on the scene, in 2017 we started with a pop-up tent and began selling Seed Ranch Flavor Co. sauces at farmer's market. We didn't find the flavors we wanted at the grocery store, so we created them...and our customers loved them! 


A Vision For More Delicious Cheese and Dairy Items

Mac & Cheese is only the beginning. Our vision is to expand 1-to-1 plant-based, cheese and dairy alternatives across grocery aisles, from snacks to sauces and beyond.

Starting in 2024, we are innovating a new product line in the savory snack category - targeting  a different classic favorite - to continue scaling our company.

Traction


Traction with the Mac

Seed Ranch Flavor sauces took 6 years to get placement in 600 doors following a local and regional first strategy. GrownAs* Mac & Cheese launched from 0-900+ doors in under 12 months, bolstered by our seed round closed in May 2022. We see the Mac and Cheese as the main scale driver for our business.

Nationwide Launch with Sprouts in 2023 in all 400 Stores

In March GrownAs* Foods was featured in Sprout's competitive Innovation Set. We flew off shelves selling 5,412 from March 1 - April 30th. As one of the top performing brands we were accepted to the mac & cheese set starting July 2023. From July 1 - August 31 we shipped Sprouts 10,750 units and are continuing strong. 

And our velocities continue growing with other retailers. Harmons grocery chain weekly sales increased 435% from March - July 2023. Across the country, our Seed Ranch Flavor and GrownAs* Foods brands continue to grow and make stomachs happy and bites tasting great! 



Fans Big and Small Love our Flavors 


Business model


IMPROVED MACENOMICS WITH INVENTORY SCALE


Scaling manufacturing

With sales improvements we have captured manufacturing efficiencies, decreasing our COGS and improving gross margin from 30% (2017) to 45% (2022). In the coming 24 months we have already identified production improvements which will yield up to a 20% reduction in our costs. 

Our direct to consumer and Amazon business also continue to perform. Average yearly value for returning customers on Amazon is $56.50 and our D2C average order value is $44.66. Through manufacturing and supply chain operations we keep improving e-commerce margins, which in turn supports our grocery operations and brand equity.


Lean Operations and Efficiency

As a lean team, bootstrapped team from 2017-2022 we know how to make a little go a long way. With a full-time team of only 3 employees we leverage AI, just-in-time manufacturing, fast R&D, and trend spotting in order to remain nimble versus larger competitors. 

Competition


How We Stack Up

GrownAs* Foods is kid approved and adult adored with healthier, more nutritious, clean label mac & cheese that doesn't sacrifice on flavor! No more goopy packets and ingredients you can't pronounce. Customers have been surveyed across different retailers and our product wins on taste and also nutrition.

We are the only Mac & Cheese to be Soy Free, Nut Free, and offer high protein benefits.

Seed Ranch Flavor sauces also stand out from the crowd with unique flavors and ingredients. Our best-selling Truffle Hound, Everything but the Sushi & Dumplings, and our classic Umami line of sauces all make everyday meals taste incredible. We were even featured on the hit show Hot Ones where we took Margot Robbie's breath away and made Justin Timberlake cry us a river.

Vision and strategy


Breaking $1m Annually with Awesome Flavor

YTD Sales & Projections

Q4 is Seed Ranch Flavor's strongest with the direct consumers, independents, and retail chains stocking up for the holidays. What's better than a gift you can eat? With holiday orders, confirmed, new private label business, and increasing retail velocities we anticipate 2023 sales of $1.2m. Lifetime sales through August 2023 were $3.34m. 


Multiple Sales Channels: Grocery, Specialty, Amazon, D2C, Foodservice and Export 

Our reach however, goes far beyond grocery shelves at your local super. We make 18-36 month shelf-stable, plant-based products which help us distribute across multiple sales channels including grocery, Amazon, D2C, private label, foodservice, and export while minimizing shipping, logistics, and spoils costs.

In 2022 70% of sales were from grocery and wholesale accounts and 30% were from vs Amazon & D2C. Post Covid-19 we have continued to see a strong new baseline for Amazon and e-commerce sales.


In Q4 2023 and 2024 we are partnering with Sysco and other foodservice distributors to launch ready-to-serve, plant-based Cheese Sauce and Queso products. These are delicious, Top 9 allergen-free, clean-label, easy dairy alternatives - perfect for College & University, Healthcare, and Military applications.

Plus we are adding export deals for the Middle East, Europe, and Costa Rica with more in the pipeline. These provide valuable cash flow, production capacity, and brand awareness, worth an additional $100k+ in future annual revenue.

Funding


Return of the Mac


The rise of GrownAs* Mac & Cheese

Seed Ranch Flavor sauces took 6 years to get placement in 600 doors following a local and regional first strategy. GrownAs* Mac & Cheese launched from 0-900+ doors in under 12 months, bolstered by our seed round closed in May 2022. 

In turn, the GrownAs* success has drawn buyer attention to Seed Ranch Flavor sauces. For 24 weeks ended 8/13/23 Seed Ranch Flavor was the #20 ranked hot sauce brand in the natural channel with max ACV* of 25.4%, compared with ACV of under 5% the same period in 2022.


3 Year Forecast: Capital Needed


Uses of Capital from Republic Crowdfund Raise 

We expect funds from this Republic crowdfund raise will give us 12-18 months of runway. Uses of these fund are projected to be put to use as follows: 40% for production of inventory to supply purchase orders. 30% for sales and marketing - the lifeblood of growing our omnichannel sales approach for brick & mortar grocery and e-commerce. 13% for working capital to maintain payroll, warehousing, service providers, and other operational expenses. 10% short term debt servicing to give us access to inventory financing and additional capital to keep growing sales without incurring hefty interest rate loans. 7% to cover Republic's fees for the crowdfunded round   

Leadership


Meet your Chief of Flavor

As Founder and Chief of Flavor, David is tasked with making your taste buds sing and spirits fly. Every recipe starts in David's kitchen, because if it's not tasty/clean/fun enough to pass the test with friends and family, there's no way it will end up on your grocery shelf. He's a father of two boys, health & fitness nut, and 7-year plant-based eater on a mission to show the world delicious, healthy, and vegan can all live under the same umbrella.

Prior to founding Seed Ranch Flavor and GrownAs* Foods, David was a successful entrepreneur in the sustainability space, analyst, sales executive, and briefly an elementary school P.E. teacher. 


Invest in Us - Invest in the Future of Flavor

So, why invest with us in the Seed Ranch Flavor | Grown As* Foods journey? We are confident that with over $1.05M in trailing 12 month sales (through August), we are poised to continue scaling nationally with retail partners like Sprouts, direct to consumer sales through Amazon and our website, and launching our upcoming foodservice with Sysco.

The introduction late last year of our Mac and Cheese product is selling off the charts, with 189% growth from 4Q22 through 2Q22 with more boxes flying off the shelves than ever before. Not to mention excellent growth with Seed Ranch Flavor sauces moving from 5% to 25% national availability in the natural channel. And that’s just the beginning.

We are making an impact by introducing ridiculously flavorful, better-for-you, plant-based favorites to the market that are not only delicious, but also nutritious and functional.

Let’s shape the future of flavor together!



David Delcourt - Chief of Flavor

Deal terms


Valuation cap
$4.5M $5.5M
The maximum valuation at which your investment converts into equity shares or cash.
Learn more.
Minimum investment
$200
The smallest investment amount that Seed Ranch | GrownAs* Foods is accepting.
Learn more
Maximum investment
$124K
The largest investment amount that Seed Ranch | GrownAs* Foods is accepting.
Learn more
Funding range
$50K / $1.24M
100% of $50K minimum offering amount has been reached.

The maximum amount the offering can raise is $1.24M.
Learn more
Deadline
February 13, 2024
Seed Ranch | GrownAs* Foods needs to reach their minimum funding goal before the deadline (). If they don’t, all investments will be refunded.
Learn more
Security type
Crowd SAFE
A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event.
Learn more
Nominee Lead
Chief Executive Officer of Seed Ranch Flavor (currently David Delcourt)
Logo of Seed Ranch | GrownAs* Foods
Seed Ranch | GrownAs* Foods
Ridiculously Delicious, Plant-Based Mac & Cheese & Spicy Sauces - Flavor in CPG
Raised amount Valuation cap
0 — $300,000 $4.5M
$300,000.01 — $1,235,000 $5.5M
Close
How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Seed Ranch Flavor Co., LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Seed Ranch | GrownAs* Foods Crowd SAFE Seed Ranch Flavor (GrownAs Foods) Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Seed Ranch | GrownAs* Foods.
Invest
$200
Receive
  • 30% off GrownAs* Foods & Seed Ranch online orders 2 months
Invest
$500
Receive
  • 50% off online orders GrownAs* Foods & Seed Ranch orders for 3 months
Invest
$1,000
Receive
  • 50% off online orders GrownAs* Foods & Seed Ranch orders for 3 months
  • Limited Edition T-shirt
Invest
$2,500
Receive
  • 1 month supply GrownAs* Foods & Seed Ranch (30 units total)
  • Limited Edition T-Shirt
Invest
$5,000
Receive
  • Get a 2 month supply GrownAs* Foods & Seed Ranch (60 units total)
  • Limited Edition T-Shirt
  • Mac Man Yellow Tracksuit
Invest
$10,000
Receive
  • Get a 3 month supply GrownAs* Foods & Seed Ranch (90 units total)
  • 2 x Limited Edition T-Shirt
  • 2 x Mac Man Yellow Tracksuit
Invest
$25,000
Receive
  • Get a 6 month supply GrownAs* Foods & Seed Ranch (180 units total)
  • 3 x Limited Edition T-Shirt
  • 3 x Mac Man Yellow Tracksuit
Invest
$50,000
Receive
  • Same as $25,000 level + quarterly call with David Delcourt for 1 year
Invest
$100,000
Receive
  • Same as $50,000 level + Visit in person for plant tour and dinner for 2 people (continental US flight, hotel, misc transportation, and food covered only)

About Seed Ranch | GrownAs* Foods

Legal Name
Seed Ranch Flavor Co., LLC
Founded
Oct 2016
Form
Colorado LLC
Employees
2
Website
grownasfoods.com
Social Media
Headquarters
Google Map location of of Seed Ranch | GrownAs* Foods
2525 Arapahoe Avenue suite e4 199 , Boulder, CO
Headquarters
2525 Arapahoe Avenue, suite e4 199, Boulder, CO, United States 80302

Seed Ranch | GrownAs* Foods Team
Everyone helping build Seed Ranch | GrownAs* Foods, not limited to employees

Profile picture of David Delcourt
David Delcourt
Founder & Chief of Flavor
Profile picture of Russell Thomas
Russell Thomas
Director of Marketing
Profile picture of Maddie Lutz
Maddie Lutz
Customer Success Manager
Profile picture of Joshua Onysko
Joshua Onysko
Co-Founder | Founder Pangea Organics
Profile picture of Jim Kreitman
Jim Kreitman
Investor, Advisor | CEO Motherlode Co-Packing
Profile picture of Pir Granoff
Pir Granoff
Investor, Advisor | Serial Entrepreneur
Profile picture of John Bogosian
John Bogosian
Investor, Advisor | Co-founder Zingfit
Profile picture of John Weiss
John Weiss
Investor, Advisor | Co-founder Human Design
7 more team members
David Delcourt
Founder & Chief of Flavor
Russell Thomas
Director of Marketing
Maddie Lutz
Customer Success Manager
Joshua Onysko
Co-Founder | Founder Pangea Organics
Jim Kreitman
Investor, Advisor | CEO Motherlode Co-Packing
Pir Granoff
Investor, Advisor | Serial Entrepreneur
John Bogosian
Investor, Advisor | Co-founder Zingfit
John Weiss
Investor, Advisor | Co-founder Human Design

Press

Best Dairy-Free Mac and Cheese Recipes + Brands
World of Vegan World of Vegan
·
Aug 31, 2023

Our amazing roundup of vegan mac and cheese recipes will leave your mouth watering! Dairy-free, nut-free, oil-free, glute...

Prepared Meals, Entrées Help Busy Consumers Navigate Life...
Preparedfoods Preparedfoods
·
Apr 4, 2023

Last year saw The NPD Group, Chicago, share two consumer insight studies with implications for prepared meals and entrees...

8 Of The Best Hot Sauces Of 2023
Medium Medium
·
Mar 10, 2023

We independently review everything we recommend. When you buy through our links, we may earn a commission. The often over...

Grown As* Mac has Clean Ingredients and 10g of Protein pe...
Parenting Healthy Parenting Healthy
·
Feb 22, 2023

The mac and cheeses are 100% vegan and non-GMO with no soy, no cholesterol, no crap, no dairy, no sugar.

GrownAs* Foods Launches with Flavor-Forward Vegan Mac and...
VEGWORLD Magazine
·
Dec 2, 2022

Entering the market with the tastiest boxed mac and cheese that just so happens to be vegan, GrownAs* Foods offers a more...

The Cult Hot Sauces You Can Score on Amazon
Epicurious
·
Jun 8, 2017

We found the best hot sauce on Amazon for wings, pizza, scrambled eggs, and amping up bad takeout-including fruit-forward...

The 26 Best Gifts for Dads of 2023
Verywell Family Verywell Family

The best gifts for the dads in our lives are classic and can be used daily. We researched the top choices so you can show...

Grown-Up Macaroni Meals
TrendHunter.com

truffle mac and cheese - GrownAs* Foods is introducing Classic and Truffle mac and cheese as a more nutritious, flavorful...

Show all
Logo of Seed Ranch | GrownAs* Foods

Seed Ranch | GrownAs* Foods

Seed Ranch | GrownAs* Foods successfully raised $133,078 from 83 investors on February 13, 2024
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