About Solo Foods
Solo Foods is a company based in Illinois City (United States) founded in 1895 by John Sokol was acquired by SacoFoods in January 2024.. Solo Foods offers products and services including Cake & Pastry Fillings, Marzipan, and Almond Paste. Solo Foods operates in a competitive market with competitors including Renewal Mill, Brownie Brittle, BaKIT Box, King Arthur Baking Company and Cocomama, among others.
- Headquarter Illinois City, United States
- Founders John Sokol
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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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- Legal Name Saco Foods
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
SacoFoods
(Jan 24, 2024)
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Products & Services of Solo Foods
Solo Foods offers a comprehensive portfolio of products and services, including Cake & Pastry Fillings, Marzipan, and Almond Paste. 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.
Fillings to enhance flavors in cakes and pastries.
Almond-based paste for confectionery and desserts.
Paste made from almonds for baking applications.
Funding Insights of Solo Foods
| 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 |
Investors in Solo Foods
Solo Foods has secured backing from 1 investor. Prominent investors backing the company include SACO Foods. 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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Multi-category dairy products including flavored dips are manufactured and distributed.
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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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Venture capital is directed toward companies in multiple sectors.
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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 Solo 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 - Solo Foods
| 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 |
Solo Foods Comparisons
Competitors of Solo Foods
Solo 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 Renewal Mill, Brownie Brittle, BaKIT Box, King Arthur Baking Company and Cocomama, 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 |
Baking flours and mixes, including gluten-free soybean options, are offered.
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Baking mixes brand
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| domain | founded_year | HQ Location |
Baking kits with ingredients and recipes are delivered via subscription.
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| domain | founded_year | HQ Location |
Provides baking flours, ingredients, tools, recipes, and online classes for enthusiasts.
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| domain | founded_year | HQ Location |
Offers a brand of high-quality baking mixes for consumers.
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| domain | founded_year | HQ Location |
Baking mixes and kits are sold online by Foodstirs.
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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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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 Solo Foods
Frequently Asked Questions about Solo Foods
When was Solo Foods founded?
Solo Foods was founded in 1895.
Where is Solo Foods located?
Solo Foods is headquartered in Illinois City, United States. It is registered at Illinois City, Illinois, United States.
What does Solo Foods do?
Solo Foods was founded in 1895 by John Sokol in Illinois City, United States. Operations focus on the food sector, where baking mixes, cake and pastry fillings, fruit butters, nut pastes, sauces, and marinades are produced. Products are stated to be free from gluten, MSG, and GMOs. The majority of sales occur through grocery stores in Countryside, Illinois.
Who are the top competitors of Solo Foods?
Solo Foods's top competitors include Renewal Mill, Brownie Brittle and BaKIT Box.
What products or services does Solo Foods offer?
Solo Foods offers Cake & Pastry Fillings, Marzipan, and Almond Paste.
Who are Solo Foods's investors?
Solo Foods has 1 investor. Key investors include SACO Foods.