Female-Led Funding Startup, AccelFoods Helps Other Food-Focused Startups like Soozy's Thrive

Ever wondered how grocery stores will look like five years from now?

This is something Jordan Gaspar, co-founder of AccelFoods, thinks about daily.

AccelFoods is a funding startup that invests in other startups that have the potential of disrupting food categories in the grocery aisles and beyond through their innovative products.

On this episode of The Barron Report, our host Paul Barron speaks with Gaspar and Susan Chen, CEO of Soozy’s, a frozen, gluten-free baked good product company that has partnered with AccelFoods in order to grow its business. The three discuss how the relationship has been between the venture capitalist group and the investee, Soozy’s role in its snacking category, what types of companies AccelFoods seeks to invest on, and trends in the marketplace among other topics.

Listen above to learn more about these trailblazing companies!


Show Notes:

  • 01:43 - Purpose of AccelFoods

  • 03:48 - Soozy’s Role in the Frozen Food Segment

  • 05:47 - AccelFoods’ Investment in Soozy’s

  • 09:26 - Types of Companies AccelFoods Invests In

  • 10:47 - Trends In The Marketplace

  • 14:38 - Soozy’s Differentiator in Snacking Category

  • 17:52 - Product Packaging

  • 23:16 - Size of Companies AccelFoods Invests In

  • 26:09 - Macro Understanding of Food Industry

  • 28:00 - Impact of Social Media for Soozy’s

  • 29:58 - Future Growth Plans for Soozy’s

  • 31:52 - Challenges in Male-Dominated Venture Capitalist World

 
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Rich’s Plant Based Cooking Creme Provides a Healthier Alternative to Dairy-Based Menu Items

Rich’s Plant Based Cooking Creme Provides a Healthier Alternative to Dairy-Based Menu Items
  • Rich’s Plant Based Cooking Creme allows chefs to include plant-based options on their menus without creating a whole new dish.

  • Chef’s can meet consumer demand by modifying recipes with a cost effective plant-based alternative.

It’s no secret that plant-based menu sales have risen tremendously over the years. With the wave of consumer demand seeking plant-based alternatives for health-related reasons, or out of  good conscience for the environment, solutions are increasingly sought out.

As a result of this, more chefs and operators are creating new plant-based menu items that feature a variety of next-generation plant-based products.

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Is Fast Casual Dying? Emerging Brands Tell a Different Story

Despite major losses on the Nasdaq for national fast casual brands like Chipotle, Panera Bread, and Noodles & Company, fast casual emerging brands like Freshii, Corelife Eatery, and Sweetgreen are growing.

Based on Top 150 Emerging Brands Data

Based on Top 150 Emerging Brands Data

Foodable defines an emerging brand as a concept that finds itself at the beginning stages of development, whether it’s just launching or it’s working through the minutiae of scaling and expansion.

According to Foodable Labs, restaurant traffic overall has gone down 6.8 percent year over year, based on social media mentions of the top 1,000 chains, while emerging fast casual brands have seen an 8.2 percent increase in restaurant traffic.

Nasdaq claims that fast casual is a dying trend, but we believe this is just a shift in the trend.
Emerging brands can’t stay an emerging brand forever, eventually, they begin to scale and gain notoriety across the nation, if done right. National brands like Chipotle are simply seeing natural market forces.

They face greater competition as they continue to expand, as well as more challenges. Whereas an emerging brand is just beginning to build brand recognition. Emerging brands are more nimble when they’re smaller and face less scrutiny.

To learn more about what that exactly means for restaurants, be sure to watch the video above and download the Top 150 Emerging Brands Report.