Baby Zach’s Fine Foods, Inc. placed 70% of its $338,000 non-brokered equity offering with two investors as part of a funding agreement signed three months ago. The company expects to raise an additional $98,000 to close the offering within a year. This is the first the company taps into the US private placement market.
The company manufactures the original smoked hummus which comes in many flavors from smoked traditional to spicy smoked red bean cajun. The company develops fusion food around the apple wood smoked theme with 100% natural ingredients and no liquid smoke. Products are available in many stores throughout Texas.
Zach Gultz (President) leads the Austin TX based company which was registered in 2011. Baby Zach’s Fine Foods Inc reported revenues on or below $1 million for the latest fiscal year.
Status: First close
Company: Baby Zach’s Fine Foods Inc
Amount offered: N/A
Amount placed: $239,000