FoodTech Fund Raise Plant-based Foods

Plant-based food maker Laird Superfood has closed its IPO

Laird Superfood (NYSE: LSF), a maker of plant-based superfood products, has closed its initial public offering of 3,047,500 shares of its common stock. The shares were sold at the public offering price of $22 per share, resulting in the gross proceeds for Laird Superfood of approximately $67 million.

Laird Superfood® began with a cup of coffee and the desire to elevate daily life. The company was co-founded in 2015 by the world’s most prolific big-wave surfer, Laird Hamilton, along with his wife, Gabrielle Reece, a volleyball champion and health and wellness leader.

We are committed to the consistency and quality of the products we produce. We believe that the foods you eat should be as good for the earth as they are for you. And we believe that food should enable you to perform at the highest level, no matter what you’re doing. We promise to deliver on these values with every product we create, every day.

Laird Superfood’s promise

Laird’s products are currently sold in about 5,500 stores. In its S-1 filing, Laird said it had revenue of $13.1 million in 2019 compared to $8.3 million a year earlier. In the first six months of 2020, revenue increased to $11.1 million. A major source of its revenue comes online, making up nearly 60% of sales in 2019, and during the first six months of 2020 coming through its own website and Amazon.

About Laird Superfood

Laird Superfood is an “Alternative Energy”​ company. Through its award-winning line of Coffee Creamers, it is focused on providing consumers with the strongest and most sustained all-natural energy source available in the marketplace today. Laird Superfood Creamers are extremely versatile and can be added to coffees, teas, smoothies and food.