It’s Skinny, an Austin, TX-based provider of low-calorie and gluten-free pasta products, received revenue-based financing from Decathlon Capital Partners.
The amount of the deal was not disclosed. It’s Skinny will repay the investment through its future revenues. No equity or ownership was exchanged for the growth capital, and It’s Skinny was not required to give up any control of the company.
The company intends to use the funds to introduce new product lines as well as expanded distribution across Texas.
Led by CEO Bryan Guadagno, It’s Skinny is a maker of innovative low-calorie and gluten-free pasta products. Its team continues the development of products, and supports growing product lines through strong marketing in both digital and traditional retail channels. With only 9 gluten-free calories per package, the company’s products are available in four flavorful varieties.
FinSMEs
28/09/2022