Mouth completes $5.5 Million Series A investment
DUMBO's own Mouth just landed a $5.5 million Series A investment - making them our latest startup to be funded. Mouth is an online mega-store for foodies. The company is growing as the leader in the indie food, spirits and wine space and will focus on executive hiring, corporate sales and scaling its rapidly growing operations. The round was led by KarpReilly, with previous investors including Vocap Investment Partners, Cherubic Ventures, Bridge Investments, Joanne Wilson and Jason Calacanis also participating.
“We are very excited to be working with KarpReilly and to leverage their vast experience in consumer products, retail and corporate growth strategies,” said Craig Kanarick, co-founder and CEO of Mouth. “Through our continued expansion, we look forward to providing people across the country with access to the best American-made indie food, spirits and wine — by helping to ignite the entrepreneurial maker movement and giving small food entrepreneurs a national stage.”
During the past year of rapid growth, Mouth has more than doubled their selection by adding several new product categories, including cheese, bacon, coffee, spirits and wine, and introduced new services including same-day delivery in New York City.
The company also launched a brand-new corporate gifting program this year, which offers curated office snack programs, monthly subscriptions and customized corporate gifts — including several new selections for holiday gifting. Currently, Mouth works with companies nationwide across many sectors on corporate gifting programs.
Mouth’s selection of more than one thousand products is focused on small-batch, independently made items from across the country, many of which are being sold online for the first time. Mouth offers the largest indie spirits and wine collection in the country, available both online and at their Indie Spirits + Wine Gallery in DUMBO.
This investment comes at a time when specialty food sales are at a record high, reaching $109 billion in 2014. For the first time ever, total U.S. sales of specialty food topped $100 billion, an increase of nearly 22 perfect since 2012, according to this year’s “State of the Specialty Food Industry” report, produced by the Specialty Food Association and Mintel.