The US food and beverage market is extremely competitive. The F&B sector includes thousands of businesses in a variety of shapes. Our team had a meeting with a 7-year-old food and beverage business that uses technology to manufacture food products, ensuring that the procedure is honest and open.
They sought funding and facilitation support in the range of $2 million. They had an established customer base when they contacted us, and they needed assistance with their business plan to ensure and adapt to their envisioned success.
One of the largest manufacturing sectors in the US is the food and beverage sector, which also plays a significant role in a complex and varied supply chain network.
Several government reports claim that the food and beverage industry contributes more to the nation’s economy than the aerospace and automotive industries combined.
In addition to contributing to the region’s employment market with over 4.3 million people working in the sector, the US market exports food and drink to more than 220 countries and territories on a global scale. The way the industry is developing suggests that it will continue to expand in the years to come.
For a company that works in the US food and beverage industry, our client was always closer to receiving funding; all they needed was some assistance with networking.
The company needed assistance with business plans and outreach campaigns. They needed our assistance to help them with the plan and to raise $2 million in funds over the course of ten months, and they specifically wanted assistance with connecting with investors.
Our main responsibility during their funding process was creating an effective business plan and outreach campaigns to help introduce the company to potential investors. Because of this, when they contacted Venture Suite, our team sat down with them to learn about their business plan and assess how we could help them find the right investors.
Next, we contacted the investors in our network who were most likely to express interest. In the background, our team collaborated with the client on document collation, investor meeting planning, and pitch deck creation.
After handling the client’s business planning and documentation, we assisted them with a pitch to highlight their business strategy.
After that, we sent this pitch in a variety of formats to various investors to give them a thorough understanding of the food and beverage company.
The outcome? Investors who wanted a pitch deck and wanted to set up a call with the company sent us numerous emails.
After we entered the discussion stage, the F&B company raised $2 million in 4 months with 10% business equity.