Melt
Brand of plant-based non-GMO, soy-free, and nut-free vegan butters and spreads | offered by Prosperity Organic Foods.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | - | |
| Total Funding | 000k | ||
| USD | 2017 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Company filings or news article
Related Content
Melt Organic, the consumer brand of Prosperity Organic Foods, Inc., is a Boise, Idaho-based company operating in the plant-based food sector. Founded in 2008 by Cygnia Rapp, the company was born from her personal quest for healthy fat and oil alternatives after dietary restrictions limited her food choices. The firm produces and distributes dairy-free butter and cheese alternatives to retailers and foodservice accounts across North America, South America, and Australia.
The company's strategic direction is guided by CEO Scott Fischer, whose journey to the company was deeply personal. Following a heart attack, Fischer transitioned to a plant-based diet and experienced significant health benefits. This life-altering event led him to the helm of Melt Organic, where his personal passion for healthier eating aligns with the company's mission. The company's business model is centered on B2C sales through a network of over 10,000 grocery stores, including major retailers like Albertsons and the Boise Co-op, as well as direct-to-consumer sales via its website. It also has a B2B component, supplying its products to the foodservice industry. Publicly available data indicates the company generates $7.4M in revenue and has secured $3.88 million in funding over five rounds.
Melt Organic's product portfolio is anchored by its plant-based butter, which is crafted to replicate the taste and culinary performance of traditional dairy butter. The butter is made from a blend of cold-pressed organic oils, including coconut, sunflower, and sustainable palm fruit, and is free from the top eight allergens, such as dairy, soy, and nuts. A key differentiator is the use of cold-pressing, a minimal processing technique that helps retain the nutrients and flavors of the oils without the use of harsh chemicals. In 2022, the company expanded its offerings with a line of cheesy spreadables available in multiple flavors. These spreads are formulated with pea protein fermented by shitake mushroom mycelia, providing a higher protein content than many dairy-based cream cheeses.
Keywords: plant-based butter, dairy-free, organic foods, food and beverage, B Corp, allergen-free, non-GMO, sustainable ingredients, foodservice supply, retail food products