BLUME SECURES $2 MILLION CAD TO SCALE LATTE REPLACEMENT PRODUCT
Vancouver-based organic food brand Blume has closed $2 million CAD in what it calls an oversubscribed seed round, as the company said it originally set out to raise $1.25 million.
This round, which closed in the last week of June and is a SAFE, marks Blume’s first institutional raise after being bootstrapped since its inception
Closed within a five-week period, according to Blume, the round was led by Fulmer & Co. and received participation from Judy Brooks, executive chair of confectionary company SmartSweets; Ethan Song, co-founder and former CEO of clothing brand Frank and Oak; Jerin Mece, co-founder of Nude Beverages; Mike Fata, founder of Manitoba Harvest Hemp Foods; as well as The51.
Co-founded by Karen Danudjaja and Ella Dalling in 2017, Blume offers a coffee replacement product line that remakes the traditional lattes with superfoods. The company touts its offering as locally made, and with 100 percent natural and organic ingredients such as turmeric, reishi, and others.
Coming from a background in commercial realty, Danudjaja said that her previous work culture was built around coffee meetings. With the drinks made from espresso and syrups, she said that it began to affect her digestion, sleep, and hormonal balance.
“There was nothing on the café menu that tasted great and actually did something good for your body,” she said. “That’s where Blume was born. A simple way to enhance your daily rituals with lattes.”
Over the past year, Blume said that it has scaled its team to 12 employees and has landed in all Whole Food locations across Canada.
Retailing in over 1,500 stores nationwide, Blume’s products are also available in Well.ca, Anthropologie, and Indigo.
Blume seems to be an interesting startup with immense no. of opportunities coming its way. I wish them nothing but success for the future.Shishir Gupta CEO & Founder Startuplanes.
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds
here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has
its own angel network and investment banking services and is connected to angel investors
and VCs in 15 countries that ensure that our member startups have easy access to external
funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of
Check out our YouTube channel for insightful content from the Indian startup
Or join our Whatsapp group to interact with other founders: Yes, I want to join
the Whatsapp group.
The right investment is key to beating inflation and growing your wealth. Do you wish to
become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your
business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want
to grow my business.