Emmer & Co.
Min investment: $1000
Round type: Seed
Emmer & Co. sales 100% pasture raised slow-growth chickens using sustainable, regenerative farming methods.
The company is on a mission to build a healthier and more sustainable model for how poultry in America is produced. They stated that slow growth chickens tastes better. I do not know how true is that as I do not know whether have I tasted one before or not.
Current customers includes famous restaurants in Los Angeles, San Francisco, New York, and Portland such as The French Laundry, Eataly, Benu, Californios, Gwen, Farmshop, Commis, Lord Stanley, Slanted Door, Meadowood, Animal, Coquine, and many others.
Sold over 40,000 chickens to date over the last 3 years, from 39 chickens/week to 1500 chickens/week, suggesting a growing demand.
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Over the last 3 years, there was an increase in revue as well as operating expenses.
The company aims to sell to 10 different distributors. These distributors would then sell to hundreds of individual restaurant, food service, and retail accounts. A list of accounts they’ve sold to over the years can be found here.
I would put more thoughts on investing in this company. I believe in the product. However, its financial performance for the past 3 years does not impress me much. If I were to put my money here, it would be something that I would be willing to lose.
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