Major Investment from Decathlon Capital Partners also Advances NuttZo’s Philanthropy
SAN DIEGO, CA, Oct. 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Health food company NuttZo announces a major new investment from Decathlon Capital Partners to enable distribution growth and new product development. NuttZo makes healthy organic snacks and gourmet butters from a blend of nuts and seeds. A portion of each sale also benefits the company’s charitable foundation, Project Left Behind, which supports orphanages worldwide.
Decathlon’s seven-figure investment will be used to create new health foods and broaden NuttZo’s distribution footprint. As sales grow, so too can the mission of Project Left Behind, said CEO and founder Danielle Livolsi.
“The adoption of my first son was the inspiration behind both NuttZo and Project Left Behind,” Livolsi said. Her child was vitamin deficient and refused to chew when he was adopted from a Ukraine orphanage. So Livolsi began experimenting with a food processor, blending nuts and seeds to create a protein-rich food her child would not only eat but enjoy.
"Project Left Behind helps the business by demonstrating to consumers that there is heart and soul behind the brand, and that we're an authentic brand that truly desires to give back and make a difference," she said. "In turn, NuttZo helps the nonprofit by donating a portion of sales to the cause and inspiring people to make donations. Now with Decathlon’s investment in our growth plans we can do even more to drive this business."
Founded in 2008, today NuttZo products are sold in more than 10,000 stores.
Decathlon’s Wayne Cantwell said the firm’s investment makes good business sense from any angle.
“Demand keeps on growing for healthy, nutritious foods, in which NuttZo has proven expertise,” Cantwell said. “Combine that with their charitable work through Project Left Behind and we saw a compelling investment opportunity. We’re proud to help advance the fortunes of a company that not only does good business but is in the business of doing good.”
About NuttZo
NuttZo is known as one of the most innovative brands in the natural food movement with a delicious line of nut and seed based products ranging from jarred nut butters, convenient travel 2go packs, and the first refrigerated snack bar with functional ingredients such as collagen, matcha and probiotics. A portion of every sale supports the work of Project Left Behind. Learn more at: https://www.nuttzo.com/ and https://www.projectleftbehind.org/.
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at www.decathloncapital.com.
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