AccelFoods, a NYC-based accelerator for packaged food and beverage companies, has launched its $20m second fund.
The accelerator has also added six startups to its portfolio as a part of its fourth class, which will be the first to be backed by the new fund.
The companies will receive day-to-day support from the AccelFoods operating team, mentorship from industry experts, and advice from strategic partners over the course of an eight month program.
Co-Founded by Managing Partners Lauren Jupiter and Jordan Gaspar, AccelFoods invests in high-growth food and beverage products.
Class IV includes:
Crunchsters, a Boulder, CO-based provider of a snack made from sprouted mung beans that includes protein, fiber, and minerals;
Il Morso, a Treasure Island, CA-based provider of an organic, fair trade, and non-GMO mouth melting coffee;
Nona Lim, an Oakland, CA-based provider of a line of all-natural soups, bone broths, ramen noodles and gluten-free rice noodles;
Purely Pinole, a Santa Monica, CA based company that has introduced pinole, an ancient Aztec powerfood, to the U.S. under the brand Purely Pinole. Pinole is a gluten-free, non-GMO hot cereal which is rich of fibers, proteins, and is antioxidant;
Tea Drops, a Northern California based manufacturer of certified USDA Organic, bagless, pressed teas that dissolve in hot water; and
Wandering Bear, a New York-based company that puts ready-to-drink cold brew iced coffee on tap in any refrigerator.