About Pennant Foods
Pennant Foods is a company based in Knoxville (United States) founded in 2008 was acquired by WKS Restaurant in January 2018.. Pennant Foods operates in a competitive market with competitors including Bakedin, Doughlicious, Callebaut, Bottled Baking and Bury Black Pudding, among others.
- Headquarter Knoxville, United States
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Sectors
Consumer
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Otis Spunkmeyer
& 2 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of Pennant Foods
| 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 Pennant Foods
Pennant Foods has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Otis Spunkmeyer, WKS Restaurant and Brockway Moran & Partners. 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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Private equity investments are managed by Brockway Moran & Partners.
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Founded Year | Domain | Location | |
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Otis Spunkmeyer is recognized for premium baked goods.
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Founded Year | Domain | Location | |
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Restaurant Group
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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 Pennant Foods
| 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 - Pennant Foods
| 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 |
Pennant Foods Comparisons
Competitors of Pennant Foods
Pennant Foods 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 Bakedin, Doughlicious, Callebaut, Bottled Baking and Bury Black Pudding, 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 |
Internet first brand offering subscription-based baking mix
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| domain | founded_year | HQ Location |
Brand of baking dough
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| domain | founded_year | HQ Location |
Chocolate-based baking ingredients are produced by Callebaut for professional use.
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| domain | founded_year | HQ Location |
Internet first brand offering baking mix
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| domain | founded_year | HQ Location |
Brand of pudding flour
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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 Pennant Foods
When was Pennant Foods founded?
Pennant Foods was founded in 2008.
Where is Pennant Foods located?
Pennant Foods is headquartered in Knoxville, United States. It is registered at Knoxville, Tennessee, United States.
What does Pennant Foods do?
Pennant Foods was founded in 2008 and is headquartered in Knoxville, United States. Operations focus on the food manufacturing sector, where bakery ingredients and pre-mixes are produced and distributed to various clients. Supplies are handled through standard manufacturing processes, with emphasis on quality control in ingredient formulation. The company serves the bakery industry primarily within the domestic market, supporting bakers and food producers with essential components.
Who are the top competitors of Pennant Foods?
Pennant Foods's top competitors include Doughlicious, Callebaut and Bottled Baking.
Who are Pennant Foods's investors?
Pennant Foods has 3 investors. Key investors include Otis Spunkmeyer, WKS Restaurant, and Brockway Moran & Partners.