550,000 euros in funding for healthy snack boxes from JustBite

Challenge:

Kevin and Aitor were eager to anticipate the future. Now that JustBite already had some brand awareness and enthusiastic customers, and the team was already growing nicely organically, it was time to scale. To do this, the founders did need funding: this way, growth could be accelerated.

Approach:

When Kevin and Aitor came knocking on our door, we started drawing up a realistic financial plan. Based on this, we were able to determine the funding gap for their plans. That turned out to be 550,000 euros.

We reviewed the current capital structure to determine which funding would be most appropriate. From that, we land on 50% (quasi-) capital and 50% bank financing. If we were only opting for capital, the founder duo would have to hand over too many shares. In addition, sufficient (quasi-) capital was needed to keep the chances of success with the remaining bank financing as high as possible.

Result:

JustBite's funding shortage could be fully filled! This with both capital and bank financing. The bank provided a loan of 350,000 euros.

In addition, the founders increased their own investment and a private investor from our own network invested 185,000 euros. Now Kevin and Aitor can focus on their next mission: making the world healthier bit by bit, break after break.