Prosperity Organic Foods, Inc., a Boise, Idaho-based company that provides food products using healthy fats and oils, has closed its Series A-1 financing of undisclosed amount.
The round was led by angel investors from the Boise Angel Alliance, Frontier Angel Fund and the Sun Valley area.
The company intends to use the funding to expand distribution of its debut product line, Rich & Creamy Melt® Organic buttery spreads, nationwide.
Led by CEO Meg Carlson, Prosperity Organic Foods is the parent company of Melt, which in 2011 launched Rich & Creamy Melt® Organic, a line of all-natural buttery spreads (www.meltbutteryspread.com). Available in original and honey flavors, Melt blends fruit- and plant-based organic oils virgin coconut, flaxseed, hi-oleic sunflower, palm fruit, and canola. Each variety is certified organic, kosher and made with eco-social and Fair Trade ingredients, while also trans-fat free, gluten free, and soy.
The company recently secured new distribution in national retailers Whole Foods Market and The Fresh Market and regional market leaders such as Albertsons, H-E-B, Jewel-Osco, Wegmans, and Winn-Dixie along with many local chains who specialize in natural and organic products.
By fall, Melt will be available in nearly half the top 100 metro markets.