SILICON VALLEY GROWTH SYNDICATE ANNOUNCES INVESTMENT IN LOVE WITH FOOD.
San Francisco, CA: The Silicon Valley Growth Syndicate (SVG), a seed fund investing in tech-enabled, early-stage companies, announces an investment in Love With Food. Love With Food is an organic, all-natural subscription food box service that provides unique data to food manufacturers.
Subscription membership starts as low as $10 per month. Every month, Love With Food (LOF) members receive a box of unique, hard-to-find tasty snacks that varies based on seasonal themes. For every box sold, a meal is donated to food banks, such as the Feeding America Network. Increasingly, more bakeries and snack manufacturers are working with LOF to gain vital feedback on new products and re-launch of established brands.
This early-stage company with revenue is the 10th investment by Silicon Valley Growth using our “lean in” investment style. We give the young companies free growth advice (“low hanging fruit”) to help them accelerate their sales, or scale a marketing program. If they accept our coaching and prove to be malleable and tenacious, we make a follow-up investment or offer to lead an Angel Round.
It is our goal to assemble a portfolio of 18-25 companies where our ownership interest is 5% to 10% of each enterprise. “Food is a powerful trend in Silicon Valley,” said Co-Founder Will Bunker, who uncovered this investment opportunity. “We like to invest in experienced entrepreneurs like Aihui. They accept our coaching and appreciate more than just our investment dollars.”
Founder Ms. Aihui Ong explained, “with this website as a platform to connect food producers with consumers, I realized that I could also use this as a means to help underprivileged children.”
Over the past 15 years, Aihui Ong has worked both in the enterprise and consumer worlds. She has held leadership roles at Accenture and PeopleSoft, running both the financial engineering division and the sales division. She has created and sold multi-million enterprise projects to Fortune 500 companies like 20th Century Fox and Sony. When she saw how inefficient and broken the food industry was, she taught herself “Ruby on Rails” and launched Love With Food to solve the pain points for both consumers and food makers.
Company sales increased seven fold from 2012 to 2013. The company is headquartered in the San Francisco Bay area with fulfillment handled from North Carolina. Future expansion anticipates sales to airlines, college parents, and an increased focus on gift giving.
SVG is an investor partnership providing early-stage capital to entrepreneurs with developed business plans, complete products, and most importantly, revenue derived from the market place. Investments are focused in the areas of expertise that include: Consumer E Commerce, SaaS enterprise, mobile, social, transactions / commerce business, subscription models, niche markets, lead generation business, dating, business to business solutions, and cross-border opportunities.
For additional information about this topic, please telephone Lee W. McNutt at (214) 537-9311 or email Will Bunker at email@example.com