The funding will probably be used to speed up Momofuku Goods’ mission to make home cooking extra enjoyable, pleasant and scrumptious.
NEW YORK, Sept. 6, 2023 /PRNewswire/ — Momofuku Goods, a line of restaurant-grade pantry necessities based by David Chang, Marguerite Mariscal, and the staff behind Momofuku, immediately introduced a brand new $11.5 million funding spherical led by Alliance Consumer Growth (“ACG”), a number one consumer-focused development fairness agency. ACG was joined on this latest spherical by present Momofuku Goods investor, Siddhi Capital. This new funding will assist the Company to additional speed up the nationwide enlargement of its in style merchandise.
“Alliance Consumer Growth has a exceptional observe file of supporting client manufacturers which have gone on to grow to be iconic, and we’re thrilled that they see comparable potential in Momofuku Goods,” mentioned Marguerite Zabar Mariscal, Co-Founder and CEO of Momofuku Goods and CEO of Momofuku. “We’re grateful to have ACG’s experience, alongside Siddhi, as we proceed to navigate the world of client packaged items.”
Founded in 2019 and spun out of Momofuku in 2020, Momofuku Goods goals to redefine the American pantry by giving home cooks entry to restaurant-grade flavors that make cooking extra enjoyable, pleasant, and scrumptious. Its breakout product Chili Crunch was launched to a 20,000-person ready checklist in April 2020.
Today, Momofuku Goods consists of extra iterations of Chili Crunch, best-selling Noodles, liquids similar to Soy Sauce and Rice Vinegar, and Seasoned Salts — all impressed by the daring flavors which have grow to be synonymous with the Momofuku model. Beyond a thriving direct-to-consumer business, the model could be discovered in additional than 3,500 shops together with Target, Whole Foods, Wegmans, and 1000’s of impartial retailers.
“Momofuku Goods is likely one of the most fun rising manufacturers in meals. In our view, it is probably the most genuine, trusted model in its class, given David Chang’s function as one of the crucial achieved cooks of this era, and the corporate’s heritage of cult-favorite eating places,” mentioned Josh Goldin, Co-Founder of Alliance Consumer Growth. “Grocery customers all over the place have simply begun to find Momofuku’s extremely scrumptious and genuine merchandise, which allow home cooks to make restaurant-quality meals in minutes. We’re thrilled to be a part of this journey with David, Marguerite, and the wonderful Momofuku Goods staff.”
About Momofuku Goods
Momofuku Goods seeks to reimagine America’s pantries with restaurant-grade flavors that make cooking extra enjoyable, pleasant, and scrumptious. Created by David Chang, Marguerite Mariscal, and the staff behind Momofuku, all Momofuku Goods merchandise are impressed by the flavors and methods used within the group’s eating places. Products embrace its Chili Crunches, air-dried noodles, sauces and Seasoned Salts, all of which could be discovered in additional than 2,000 doorways nationwide, in addition to retailers on-line. To be taught extra and store the road, go to shop.momofuku.com.
About Alliance Consumer Growth
Alliance Consumer Growth (“ACG”) is a number one development fairness agency, offering capital and value-added partnership to promising rising client product and retail manufacturers. Since its founding in 2011, ACG has constructed a observe file of figuring out and backing a number of the most disruptive client manufacturers of the previous decade, throughout meals, beverage, magnificence, private care, pet merchandise, attire & equipment. ACG has places of work in New York City and Los Angeles. For extra data please go to www.acgpartners.com.
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SOURCE Momofuku Goods
