On Wednesday, gluten-free food startup Kumara Fusion launched an equity crowdfunding campaign on PledgeMe seeking up to $90,000 for expansion.
The company was started when co-founders Olga Fernandez Txasko and Carlos Martinez became gluten intolerant and were starved for good gluten-free options. Now they are ready to take their product to the next level.
Olga stated:
“Kumara Fusion is going out to the crowd to help bring its unique food product made from the iconic Kiwi kumara and chocolate to the masses. We are offering an opportunity for Kiwis interested in the food industry — especially those who are food conscious — to invest in our company which is operating in an emerging market.”
Kumara Fusion is currently seeking to raise between $70,000 and $90,000, which represents 21.6%–26.1% of the company. Martinez explained that the funds from the PledgeMe initiative would be used to commercialize the company’s gluten-free products:
“Kumara Fusion is ready to roll out into supermarkets, this investment will allow us to produce and package the product to meet this demand. We already have supermarkets and retailers lined up to start selling our delicious products on their shelves, we now are seeking investment to make it a reality.”
PledgeMe Equity Champion Will Stewart noted that Kumara Fusion have proven their innovativeness in creating this product using the distinctly Kiwi kumara as a core ingredient and mixing it with chocolate:
“Kumara Fusion received initial funding from Callaghan Innovation to better refine their gluten free and vegan friendly product means and now they are ready turn to their crowd for this next step. There is a strong crowd out there waiting for Kumara Fusion to bring their product to market. The team have been doing a good job to connect to people interested in alternative and emerging food choices.
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