About Tio Gazpacho
Tio Gazpacho is a Retail company based in New York (United States) founded in 2013, and was acquired by Novamex in December 2018. Soups with natural ingredients are offered by an internet-first brand. Tio Gazpacho has raised $3.78 million across 4 funding rounds from investors including 301 INC and Novamex. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Snacks and Convenience Food. Its legal entity is TIO FOODS LLC. Its competitors include Tabatchnick and Bonafide Provisions; 1 of its 2 listed competitors has raised funding.
Company details
Tio Gazpacho was founded in 2013 in New York, United States. Operations are conducted as an internet-first brand within the food sector, where soups made from natural ingredients are provided. The product catalog features flavors including carrot, corn, gazpacho, and avocado. Distribution occurs primarily through online channels to customers across the region.
- Headquarters New York, United States
- Stage Acquired
- SectorsRetail
- Email••••••••
- Website tiogazpacho.com
- Social LinkedIn X Facebook
- Acquired by Novamex (Dec 2018)
- Legal Name Tio Foods Llc
Funding Insights of Tio Gazpacho
Tio Gazpacho has successfully raised a total of $3.78M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $500 thousand completed in August 2018. 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 $3.78M
- Total Rounds 4
- Last Round Series A — $500,000
- First Round $325,000
(Dec 2014)
- Investors Count 1
All 4 funding rounds of Tio Gazpacho with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2018 | $500,000 | Series A | – | – | – |
| Dec 2017 | $1.7M | Series A | – | – | – |
| Mar 2016 | $1.25M | Series A | – | 301 INC | – |
| Dec 2014 | $325,000 | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Tio Gazpacho
Tio Gazpacho has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include 301 INC and Novamex.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made by 301 INC in food ecosystem startups. | 301inc.com | Minneapolis, United States | ||
Novamex is engaged in distributing Mexican food and beverage products. | 1986 | novamex.com | El Paso, United States |
Investor details for Tio Gazpacho
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People of Tio Gazpacho
1 people are tracked at Tio Gazpacho (1 in leadership).
| Name | Role | Group |
|---|---|---|
Austin Allan | Chief Executive Officer | Leadership |
Complete people profiles for Tio Gazpacho
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Timeline of Tio Gazpacho
4 dated milestones of Tio Gazpacho across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Tio Gazpacho is founded.
- Funding First funding round of $325K.
- Funding Latest funding round, Series A, of $500K.
- Exit Acquired by Novamex.
Competitors of Tio Gazpacho
Tio Gazpacho has 2 listed competitors in our database, 1 of them funded. They include Tabatchnick and Bonafide Provisions.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tabatchnick.com | 1905 | Somerset, United States | Manufactures and sells handcrafted kosher soups, broths, and side dishes. | |||
| bonafideprovisions.com | 2011 | Carlsbad, United States | $9.25M | 4 | Animal bone broth producer and brand |
Detailed competitors of Tio Gazpacho
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Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Tio Gazpacho (Food & Grocery Retail) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Organic groceries are offered through an online membership platform. | 2013 | Los Angeles, California, United States | USD 332.18 M | |||
Online marketplace platform offering multi-category grocery products | 2012 | San Francisco, California, United States | USD 2.93 B | USD 3.74 B | 25,408 |
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Related news about Tio Gazpacho
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Frequently Asked Questions about Tio Gazpacho
Tio Gazpacho was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Tio Gazpacho is headquartered in New York, United States. It is registered at New York, New York, United States.
Tio Gazpacho is a funded company, having raised a total of $3.78M across 4 funding rounds to date. The company's 1st funding round was a Seed of $325K, raised on Dec 2014.
Tio Gazpacho was founded in 2013 in New York, United States. Operations are conducted as an internet-first brand within the food sector, where soups made from natural ingredients are provided. The product catalog features flavors including carrot, corn, gazpacho, and avocado. Distribution occurs primarily through online channels to customers across the region.
Tio Gazpacho's top competitors include Bonafide Provisions and Tabatchnick.
Tio Gazpacho operates through Tio Foods Llc.
Yes. Tio Gazpacho was acquired by Novamex in December 2018.