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Exo Inc.

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This articlemay have been created or edited in return for undisclosed payments, a violation of Wikipedia'sterms of use. It may require cleanup to comply with Wikipedia'scontent policies, particularlyneutral point of view.(August 2020)

Exo is an Americaninsect food company that manufacturesprotein bars usingcricket flour from pulverizedhouse crickets.[1][2] The products are marketed as a good source of nutrition.[3]

History

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The company was founded by Gabi Lewis and Greg Sewitz in 2013, during their graduate program at theBrown University campus.[4] They first ordered 2000 crickets and worked on some of the prototype recipes from them. They later shifted to New York and worked with Kyle Connaughton, anR&D expert at theFat Duck restaurant, to make a nutritious protein bar that was also appealing to the palate.[5]

UsingKickstarter, the company's founders raised $55,000 in early 2016, exceeding the initial target of $20,000.[6]

By March 2016, the company had raised a total of $5.6 million from early investors andSeries A funding.[7][8]

Exo was acquired by Aspire Food Group in the spring of 2018.[9][10] All of Aspire's in-house Aketta branded products will now become part of the Exo brand.[11]

References

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  1. ^"This startup just got $4 million to get you to eat more bugs".Techcrunch. 7 March 2016. Retrieved27 May 2016.
  2. ^"Mmmm, Crickets: How Exo Protein Bars Found Its Wings".Entrepreneur. 5 March 2016. Retrieved27 May 2016.
  3. ^"Cricket Bars Are the Next Trendy Food—And You Might Start Seeing Them In Rap Videos".Observer.com. 7 March 2016. Retrieved27 May 2016.
  4. ^"Exo Raises Another $4 Million for Cricket Flour Protein Bars".SnapMunk. 21 March 2016. Retrieved27 May 2016.
  5. ^"Cricket Protein Bar Company Exo Rakes in Another $4 Million in Funding".Eater. 7 March 2016. Retrieved27 May 2016.
  6. ^"Exo: Protein Bars Made from Cricket Flour".Kickstarter. Retrieved27 May 2016.
  7. ^"Exo, protein bar made from crickets, raises $4M".New York Business Journal. 7 March 2016. Retrieved27 May 2016.
  8. ^"Legendary rapper Nas just invested in a company that makes protein bars out of crickets".Business Insider. 7 March 2016. Retrieved27 May 2016.[dead link]
  9. ^foodnavigator-usa.com."Cricket consolidation: Aspire Food Group acquires Exo".foodnavigator-usa.com. Retrieved10 April 2020.
  10. ^Bronner, Stephen J. (17 April 2018)."12 Burning Questions for the Entrepreneur Trying to Get You to Eat Bugs".Entrepreneur. Retrieved10 April 2020.
  11. ^"Cricket protein companies combine".www.foodbusinessnews.net. Retrieved10 April 2020.

External links

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Retrieved from "https://en.wikipedia.org/w/index.php?title=Exo_Inc.&oldid=1178533817"
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