Abe’s Market, an all natural online retailer, raised funding on OurCrowd back in early 2013. At that time they were doing a $5 million funding round with a portion of that via crowdfunding. Recently they raised another $10 million as they size up to compete with the likes of Whole Foods and e-commerce giant Amazon.
In this interview on Bloomberg, co-founder Richard Demb talks strategy and the future. One interesting note is they are now investing in emerging brands with Abe’s Market Velocity Fund. They are funding between $100,000 and up. Since they see great data on what is trending this gives Abe’s an opportunity to participate in future growth. They get equity in these small companies and then help them grow. Definitely worth a watch.
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