About Progressive Produce
Progressive Produce is a company based in La Mirada (United States) founded in 1967 was acquired by Arable Capital Partners in February 2024.. The company has 277 employees as of December 31, 2020. Progressive Produce has completed 1 acquisition, including Keystone Fruit Marketing. Progressive Produce offers products and services including MicroBaker, Hollywood Fries, Nature’s Bounty Organic, and Americas Asparagus. Progressive Produce operates in a competitive market with competitors including Dole Food Company, Del Monte, The Jackfruit Company, Earthbound Farm and NatureSweet, among others.
- Headquarter La Mirada, United States
- Employees 277 as on 31 Dec, 2020
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
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- Legal Name Progressive Produce Corporation
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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
Total Produce
& 1 more
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Employee Count
277
as on Dec 31, 2020
- Investments & Acquisitions
- Acquired by
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Products & Services of Progressive Produce
Progressive Produce offers a comprehensive portfolio of products and services, including MicroBaker, Hollywood Fries, Nature’s Bounty Organic, and Americas Asparagus. 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.
Microwaveable potato and yam with patented packaging for freshness.
Seed-based potato ideal for frying with consistent crisp texture.
Line of certified organic produce grown to strict standards.
Program for fresh asparagus supply and distribution.
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Funding Insights of Progressive Produce
| 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 Progressive Produce
Progressive Produce has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Total Produce and Arable Capital 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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Investment firm focused on food and agribusiness sector for long-term growth.
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Founded Year | Domain | Location | |
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Fresh produce is sourced, distributed, and marketed worldwide.
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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 Progressive Produce
Progressive Produce has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Keystone Fruit Marketing. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Fruits are marketed and distributed by Keystone Fruit Marketing.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Progressive Produce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Progressive Produce Comparisons
Competitors of Progressive Produce
Progressive Produce 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 Dole Food Company, Del Monte, The Jackfruit Company, Earthbound Farm and NatureSweet, 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 |
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| domain | founded_year | HQ Location |
Fresh fruits and related products are produced and distributed globally.
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| domain | founded_year | HQ Location |
Canned fruits, vegetables, and fruit snacks are manufactured for consumers.
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| domain | founded_year | HQ Location |
Jackfruit-based products are branded and distributed globally.
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| domain | founded_year | HQ Location |
Organic fruits, vegetables, and salad mixes are cultivated and marketed.
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| domain | founded_year | HQ Location |
Tomatoes are cultivated in greenhouses using coconut husks.
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| domain | founded_year | HQ Location |
River Ranch Fresh Foods is a brand specializing in fresh salads and vegetables.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Progressive Produce
Frequently Asked Questions about Progressive Produce
When was Progressive Produce founded?
Progressive Produce was founded in 1967.
Where is Progressive Produce located?
Progressive Produce is headquartered in La Mirada, United States. It is registered at La Mirada, California, United States.
How many employees does Progressive Produce have?
As of Dec 31, 2020, the latest employee count at Progressive Produce is 277.
What does Progressive Produce do?
Progressive Produce was established in 1967 in La Mirada, United States. Operations are centered on the produce sector, where fresh vegetables are sourced, processed, and distributed. Services encompass supply chain management for retailers and wholesalers across the region. Focus is placed on reliable delivery of seasonal and staple vegetable items. The domain progressiveproduce.com supports online inquiries and business transactions. Activities remain confined to the United States market.
Who are the top competitors of Progressive Produce?
Progressive Produce's top competitors include Dole Food Company, Del Monte and The Jackfruit Company.
What products or services does Progressive Produce offer?
Progressive Produce offers MicroBaker, Hollywood Fries, Nature’s Bounty Organic, and Americas Asparagus.
How many acquisitions has Progressive Produce made?
Progressive Produce has made 1 acquisition, including Keystone Fruit Marketing.
Who are Progressive Produce's investors?
Progressive Produce has 2 investors. Key investors include Total Produce, and Arable Capital Partners.
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