Junkless

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Junkless - overview

Established

2018

Location

Portage, MI, US

Primary Industry

Food

About

Junkless is a food company that produces granola bars crafted from simple, wholesome ingredients, catering to health-conscious consumers seeking nutritious snack options without additives or excessive sugar. Founded in 2018 and headquartered in Portage, US, Junkless specializes in creating healthier snack alternatives. The company was co-founded by Ernie Pang and Larry Beyer, with Ernie Pang also serving as the CEO. In 2023, Junkless raised USD 150,000 in a Seed round led by Quake Capital Partners, bringing the total amount raised to USD 150,000.


The company has completed two funding deals to date, with the most recent deal occurring on October 4, 2023. Junkless specializes in the production of granola bars made with simple, wholesome ingredients, including 100% whole grain oats. Their core product line focuses on providing healthier snack alternatives that contain 34% less sugar compared to traditional granola bars. Junkless products are gluten-free, non-GMO, and devoid of artificial flavors, colors, and preservatives, catering to health-conscious consumers looking for on-the-go meal replacements or snacks.


The company’s primary customer base includes families, busy professionals, and health enthusiasts who prioritize nutritious options in their diets. Junkless granola bars are available in various flavors, such as Cinnamon Roll and Chocolate Chip, and are distributed across various geographical markets, including the United States and select international locations, through both retail outlets and online platforms. Junkless generates revenue primarily through direct-to-consumer sales and retail partnerships. The company’s transactions typically involve consumers purchasing individual granola bars or multi-pack boxes at retail locations or through online channels.


Their flagship products, such as the Cinnamon Roll and Classic Chocolate Chip granola bars, are designed to appeal to a broad audience, including children and adults alike. Revenue is driven by sales generated at various retailers and grocery stores that stock their products, as well as through promotional efforts such as giveaways and social media engagement. Pricing structures for Junkless products are positioned to align with premium snack options while remaining competitive within the health food sector, ensuring accessibility to their target market. In October 2023, Junkless plans to leverage the recent funding of USD 150,000 to support the introduction of new product lines and enhance their market presence.


The company is focused on expanding its distribution channels and reaching new markets within the United States and select international locations. This strategic growth initiative aims to increase product availability and meet growing consumer demand for nutritious snacks.


Primary Industry

Food

Sub Industries

Snack Foods

Website

www.junklessfoods.com

Verticals

E-commerce

Company Stage

Mature

Total Amount Raised

Subscriber access only

Junkless - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedJunkless-

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