Exo Inc.

Exo Inc. is a New York-based company that specializes in sustainable high-protein snacks made from Acheta Protein, primarily offering protein bars and powder aimed at health-conscious consumers. Founded in 2013 in New York, US, Exo Inc. focuses on developing sustainable protein products.

The company's founders include Janusz Bryzek, Sandeep Akkaraju, and Yusuf Haque, with Jason Jones serving as CEO. Exo has participated in 4 deals, with the latest being a Series A round in March 2018, raising USD 4. 00 mn led by AF Ventures and Collaborative Fund. In March 2018, Aspire Food Group acquired Exo Inc.

, although financial terms of the deal were not disclosed. Exo Protein specializes in the development and distribution of high-protein snacks that utilize Acheta Protein, a sustainable source derived from crickets. The company's primary offerings include protein bars in several flavors, such as Chocolate Fudge Brownie, Peanut Butter Chocolate Chip, and Cookie Dough, each containing 16 grams of protein. Additionally, Exo provides Acheta Powder in various sizes, which serves as a versatile ingredient for health-conscious consumers.

These products are designed to meet the nutritional needs of athletes, fitness enthusiasts, and environmentally conscious individuals seeking sustainable dietary options. Exo's products are marketed primarily in North America and expanding into other global markets, aiming to cater to a growing customer base interested in nutritious and sustainable food alternatives. Exo Protein generates revenue through direct-to-consumer sales via its online platform, offering a straightforward purchasing process for its range of products. Customers can buy individual protein bars priced around USD 29.

99 for a pack of bars or opt for Acheta Powder available in multiple sizes, with prices set at USD 39. 00 for a one-pound package and USD 12. 99 for a quarter-pound. The transaction structure revolves around direct sales, with promotions such as free shipping on orders exceeding USD 60 to encourage larger purchases.

Exo’s business model focuses on fostering a loyal consumer base while appealing to retail partnerships and wholesale opportunities that align with its sustainability ethos. Exo Inc. is strategizing future growth by designing new product offerings and targeting specific geographic regions for expansion. The company is focusing on the launch of additional protein bar flavors and Acheta Powder variants by late 2024.

Moreover, Exo plans to expand its market presence into Europe and Asia by 2025, leveraging its recent funding of USD 4. 00 mn from the Series A round to support these initiatives.