The company known for reimagining classic snacks, announced it has secured USD10m in a Series B round of funding led by NewRoad Capital Partners, a growth equity firm with an operator-focused, demand driven investment platform.
The round includes a follow-on investment from Boulder Food Group, Echo Capital, and Sunil Thakor. The funding will support growth, product innovation, and the company’s Be Better. Do Better.™ sustainability mission centered on advancing agriculture towards more regenerative approaches. In addition, Michele Meyer, an operating partner at NewRoad Capital Partners and former president of Small Planet Foods a General Mills’ Snacks Operating Unit, will be joining Quinn’s Board of Directors.
Quinn has established itself as a salty snack leader in over 10,000 doors across the natural, mass, and conventional grocery channels as well as e-commerce. Excitement for the brand’s innovative snacks, which include both savory and indulgent product offerings, has led to 60% growth in revenue year over year since 2019.
“For the past 10 years, I have been on a mission to revolutionize food by telling people exactly where their food comes from, supporting our ag partners, and making better for you snacks for people and their families,” said Kristy Lewis, Founder and CEO of Quinn. “NewRoad completely understands our vision to be a force of good in the snack aisle. We are thrilled to have the support of a group that truly values our mission to be and do better.”
Michele Meyer, NewRoad Operating Partner and Quinn’s newest Board member added: “Successful brands require authenticity and a penchant for innovation. Quinn has exhibited both to the highest degree. We believe in Quinn’s mission to provide better transparency to their customers, better ingredients in their products, and a better taste profile than its competition. Quinn is really changing the game in snacks and we couldn’t be more excited to help them on their next chapter of growth.”