About Better Bean
Better Bean is a company based in Portland (United States) founded in 2009 was acquired by Hain Celestial in June 2017. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Better Bean has raised $3.87 million across 8 funding rounds from investors including Hain Celestial and Renewal Funds. Better Bean offers products and services including Uncanny Refried Black Beans and Cuban Black Beans. Better Bean operates in a competitive market with competitors including Del Monte, RO*TEL, Allens, Hanover Foods and Paisley Farm, among others.
- Headquarter Portland, United States
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Better Bean Company
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Annual Revenue
$1.62 M0as on Dec 31, 2021
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Net Profit
$26.78 K0as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$3.87 M (USD)
in 8 rounds
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Latest Funding Round
$85 K (USD), Series A
Aug 30, 2024
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Investors
Hain Celestial
& 1 more
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Employee Count
Employee Count
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Acquired by
Hain Celestial
(Jun 28, 2017)
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Products & Services of Better Bean
Better Bean offers a comprehensive portfolio of products and services, including Uncanny Refried Black Beans and Cuban Black Beans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Refried black beans are prepared with rich flavor.
Cuban black beans are crafted with unique texture.
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Funding Insights of Better Bean
Better Bean has successfully raised a total of $3.87M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $85 thousand completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series A — $85,000
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First Round
First Round
(12 Jul 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Better Bean | Valuation |
investors |
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| Jan, 2023 | Amount | Series A - Better Bean | Valuation |
investors |
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| Oct, 2022 | Amount | Series A - Better Bean | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Better Bean
Better Bean has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Hain Celestial and Renewal Funds. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Renewal Funds is engaged in impact investing for sustainable change.
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Founded Year | Domain | Location | |
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Hain Celestial is focused on better-for-you food and personal care products.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Better Bean
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Better Bean
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Better Bean Comparisons
Competitors of Better Bean
Better Bean operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Del Monte, RO*TEL, Allens, Hanover Foods and Paisley Farm, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Canned fruits, vegetables, and fruit snacks are manufactured for consumers.
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| domain | founded_year | HQ Location |
Diced tomato & green chili brand
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| domain | founded_year | HQ Location |
Provides canned southern vegetables and recipes for easy home cooking needs.
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| domain | founded_year | HQ Location |
Canned fruits and vegetables are processed for distribution.
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| domain | founded_year | HQ Location |
Vegetable products are branded and distributed by Paisley Farm.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Better Bean
When was Better Bean founded?
Better Bean was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is Better Bean located?
Better Bean is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Is Better Bean a funded company?
Better Bean is a funded company, having raised a total of $3.87M across 8 funding rounds to date. The company's 1st funding round was a Series A of $113.75K, raised on Jul 12, 2012.
What is the annual revenue of Better Bean?
Annual revenue of Better Bean is $1.62M as on Dec 31, 2021.
What does Better Bean do?
Better Bean is focused on the production of fresh, refrigerated bean products. Operations are centered in the food and beverage sector, specifically targeting the packaged foods market. Varieties such as uncanny refried black beans and Cuban black beans are offered, sourced from sustainable Northwest family farms. Emphasis is placed on health benefits and nutrient retention through chilled storage. Solutions are provided for easy, healthy meal options, with products distributed nationally in retail stores.
Who are the top competitors of Better Bean?
Better Bean's top competitors include Del Monte, Hanover Foods and RO*TEL.
What products or services does Better Bean offer?
Better Bean offers Uncanny Refried Black Beans and Cuban Black Beans.
Who are Better Bean's investors?
Better Bean has 2 investors. Key investors include Hain Celestial, and Renewal Funds.
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