Nutter Represents RIND Snacks in $6.1 Million Funding Round Led by Valor Siren VenturesPrint PDF
Nutter served as legal counsel to RIND, New York-based makers of functional and sustainable whole fruit snacks, in connection with its closing of a $6.1 million Series A capital raise led by Valor Siren Ventures (VSV), an early-stage investor in sustainability, food, food technology, retail, and retail technology, along with a follow-on investment from Melitas Ventures. Will Bernat, co-chair of the firm’s Emerging Companies Group and co-lead of the Food and Beverage group, led the Nutter deal team, which included Meghan Kelly and Jeremy Halpern on corporate matters and Pat Concannon on intellectual property and trademark matters.
Since launching in 2018, RIND has disrupted the dehydrated snack category with its “skin-on-superfruit” that maximizes nutrition, minimizes food waste, and helps combat childhood hunger through a newly launched school snacks campaign. RIND grew revenues five-fold in 2020 and expects to more than triple sales this year while expanding its retail presence to over 3,000 locations. With VSV’s support, RIND will look to accelerate its sustainable and upcycled product pipeline into adjacent categories and invest in expanded capacity to produce the next generation of delicious, nutrient-dense, zero waste snacks that consumers crave.
Nutter’s Food and Beverage group represents clients at every stage of growth, including brands, brand executives, retailers, enabling technology companies, angel investors, venture investors, private equity investors, and strategic investors. With a deep understanding of this marketplace, Nutter’s Food and Beverage group is an interdisciplinary team of lawyers with expertise in a wide variety of areas, including corporate organization and structuring; tax planning; angel, venture, and private equity financing; asset based, venture, and traditional lending; vendor, co-packing, and manufacturing arrangements; global distribution and licensing; warehousing and fulfillment; joint ventures; advertising and product placement; and more.
Nutter is a Boston-based law firm that provides legal counsel to industry-leading companies, early stage entrepreneurs, institutions, foundations, and families, across the country and around the world. The firm’s business and finance, intellectual property, litigation, real estate and land use, labor and employment, tax, and trusts and estates practices are national in scope. The firm was co-founded in 1879 by former U.S. Supreme Court Justice Louis D. Brandeis, before his appointment to the Court. For more information, please visit www.nutter.com and follow the firm on LinkedIn.