Fexy Media, Inc.
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Fexy Media, Inc. - overview
Established
2014
Location
Mercer Island, WA, US
Primary Industry
Media
About
Fexy Media is a digital food technology platform that specializes in creating shoppable recipes, facilitating meal planning and grocery shopping for users through its innovative Relish platform. Founded in 2014 in Mercer Island, US, Fexy Media, Inc. operates as a digital food technology company that offers a unique platform for home cooks. The firm has completed a total of 2 deals and successfully raised a total of USD 10.
00 mn through a BUYOUT funding round led by Tritium Partners, which also participated as an investor. Ben Sternberg is the founder of the company. Fexy operates as a digital food technology platform, primarily recognized for its core product, the Relish shoppable recipes platform. Launched to cater to the needs of home cooks, Relish connects users with over 100 million unique visitors each month, allowing them to discover recipes, plan meals, and purchase groceries for same-day delivery or in-store pickup.
The platform leverages advanced artificial intelligence to enhance user experience by providing personalized recommendations and streamlined access to meal preparation resources. Fexy serves a diverse client base, including consumer packaged goods (CPG) and food brands that integrate their offerings into the Relish platform, thereby driving consumer engagement. The company’s products are marketed predominantly in North America and are increasingly expanding their reach into international markets. Fexy generates revenue through a combination of digital shopper marketing programs and strategic partnerships with brands and retailers.
The company's business transactions typically involve collaborations with food brands that leverage the Relish platform to promote their products directly to consumers. This includes offering shoppable recipes, which enable users to seamlessly add ingredients to their grocery carts. The revenue model incorporates both B2B and direct-to-consumer channels, with brands paying for featured placements and marketing initiatives on the platform. While the specific pricing structure for these services is not disclosed, the emphasis on partnerships and integrated marketing solutions indicates a multifaceted approach to revenue generation within the digital food space.
Fexy Media, Inc. plans to utilize its recent funding to design and launch new products that enhance user engagement on the Relish platform. The company is also targeting expansion into international markets, aiming to reach new audiences in Europe and Asia by the end of 2025. The financial backing from the latest BUYOUT funding round will support these initiatives, allowing Fexy to further develop its technology and marketing strategies.
Current Investors
Tritium Partners
Primary Industry
Media
Sub Industries
Marketing/Advertising, Recreational & Entertainment Facilities, Social Networking & Communication Platform, Digital Media
Website
www.fexy.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Fexy Media, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Simply Recipes | - | ||||||||
| Add-on | Completed | Serious Eats | - | ||||||||
| Add-on | Completed | RoadFood | - | ||||||||
| Buyout | Completed | Fexy Media, Inc. | - | ||||||||
| Unspecified Exit | Completed | Fexy Media, Inc. | - |
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