About Salt & Straw
Salt & Straw is a company based in Portland (United States) founded in 2011 by Kim Malek.. Salt & Straw has raised $4.2 million across 3 funding rounds from investors including Gladstone Capital, Dany Garcia and Oregon Venture Fund. The company has 43 employees as of December 31, 2022. Salt & Straw offers products and services including Ice Cream Pints, Ice Cream Bundles, and Digital Gift Cards. Salt & Straw operates in a competitive market with competitors including Van Leeuwen Ice Cream, Maple Hill, Ample Hills, Nick's and Joy Cone, among others.
- Headquarter Portland, United States
- Employees 43 as on 31 Dec, 2022
- Founders Kim Malek
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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
*********
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Annual Revenue
$3.89 K (USD)0as on Dec 31, 2018
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Net Profit
$48.43 (USD)105as on Dec 31, 2018
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EBITDA
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Total Equity Funding
$4.2 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Gladstone Capital
& 3 more
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Employee Count
43
as on Dec 31, 2022
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Products & Services of Salt & Straw
Salt & Straw offers a comprehensive portfolio of products and services, including Ice Cream Pints, Ice Cream Bundles, and Digital Gift Cards. 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.
Handcrafted ice cream flavors with premium ingredients for home enjoyment.
Curated sets of pints for regular delivery to customers.
Electronic cards for purchasing ice cream and related items online.
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Funding Insights of Salt & Straw
Salt & Straw has successfully raised a total of $4.2M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(23 May 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Debt – Conventional - Salt & Straw | Valuation |
investors |
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| Dec, 2019 | Amount | Angel Round - Salt & Straw | Valuation | Dwayne Johnson , Dany Garcia |
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| May, 2019 | Amount | Series A - Salt & Straw | Valuation | Oregon Venture Fund |
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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 Salt & Straw
Salt & Straw has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Gladstone Capital, Dany Garcia and Oregon Venture Fund. 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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Financing solutions are provided to lower middle market companies.
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Founded Year | Domain | Location | |
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Funding is provided to innovative startups in Oregon.
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Founded Year | Domain | Location | |
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DG
Dany Garcia |
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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 Salt & Straw
| 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 - Salt Straw
| 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 |
Salt & Straw Comparisons
Competitors of Salt & Straw
Salt & Straw 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 Van Leeuwen Ice Cream, Maple Hill, Ample Hills, Nick's and Joy Cone, 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 |
Artisan ice cream is produced and supplied by Van Leeuwen.
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| domain | founded_year | HQ Location |
Organic dairy products are manufactured and supplied by Maple Hill.
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| domain | founded_year | HQ Location |
Homemade gourmet ice cream
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| domain | founded_year | HQ Location |
Flavoured ice cream is branded and distributed by Nick's.
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| domain | founded_year | HQ Location |
Ice cream cones and related products are produced and distributed.
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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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Latest news on Salt & Straw
Frequently Asked Questions about Salt & Straw
When was Salt & Straw founded?
Salt & Straw was founded in 2011 and raised its 1st funding round 8 years after it was founded.
Where is Salt & Straw located?
Salt & Straw is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Who is the current CEO of Salt & Straw?
Kim Malek is the current CEO of Salt & Straw. They have also founded this company.
Is Salt & Straw a funded company?
Salt & Straw is a funded company, having raised a total of $4.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4.2M, raised on May 23, 2019.
How many employees does Salt & Straw have?
As of Dec 31, 2022, the latest employee count at Salt & Straw is 43.
What is the annual revenue of Salt & Straw?
Annual revenue of Salt & Straw is $3.89K as on Dec 31, 2018.
What does Salt & Straw do?
Salt Straw was established in 2011 in Portland, United States, as an ice cream brand within the food and beverage sector. A range of flavors, including green fennel and maple or honey lavender, is produced and distributed. Sales are conducted through an online platform and physical stores, primarily targeting the US market. Leadership is provided by co-founder and CEO Kim Malek.
Who are the top competitors of Salt & Straw?
Salt & Straw's top competitors include Van Leeuwen Ice Cream, Straus Family Creamery and Maple Hill.
What products or services does Salt & Straw offer?
Salt & Straw offers Ice Cream Pints, Ice Cream Bundles, and Digital Gift Cards.
Who are Salt & Straw's investors?
Salt & Straw has 3 investors. Key investors include Gladstone Capital, Dany Garcia, and Oregon Venture Fund.