Member Directory   Members Only   Membership   Contact Us   Recipes   News & Events   
  News & Events
Events
News

Localvore expansion to MA and ME is growth model for job creation in VT

January 15, 2018

Vermont Business Magazine

 
Conscious consumers are demanding products and services from environmentally and socially responsible companies in all industries. Burlington-based digital marketing provider, Localvore, is expanding operations outside of Vermont to connect conscious consumers with restaurants dedicated to local sourcing.

In recognition of Localvore’s growth potential to create jobs in Vermont and support the in-state supply chain, the Flexible Capital Fund announces an investment of $400,000 in royalty financing to expand Localvore’s reach into consumer conscious cities nationwide and grow the company here in Vermont. The Localvore platform empowers restaurants committed to sourcing locally with marketing capabilities that are often out of reach for merchants due to resource limitations. Through customized offers and unique content directed toward larger, targeted audiences, restaurants and farms experience increased brand awareness, engagement, and loyalty from consumers that are searching for a local experience.

Michael Nedell, Dan White, and Meg Randall
“Localvore is committed to strengthening local economies by connecting community-minded consumers to local restaurants that source from farms and food producers in their communities. Their willingness to provide a free platform for local farms to profile their products, and link to the restaurants sourcing the food, demonstrates strong support of building, healthy local foods systems in the markets Localvore serves,” says Janice St. Onge, president of the Flexible Capital Fund. “The Flex Fund’s investment will support Localvore’s efforts to bring the platform to scale into Boston and new markets. Accelerated market expansion creates new, good-paying, quality jobs for Vermonters and increases traffic to Vermont branded companies.”

An initial investment of $250,000 in royalty financing for personnel growth was followed by an additional $150,000 to support building the technology platform and help expand markets beyond Vermont into Portland, Maine, Boston, Massachusetts, and beyond. The Flex Fund provides creative financing in the form of near equity capital (subordinated debt and royalty financing) to Vermont growth-stage companies that strengthen or fill a gap in their supply chain while also creating quality jobs and sustainable products and services.

Localvore recently broadened its digital platform to provide a free marketing service for Vermont and regional farms, and launched a partnership with Vermont Fresh Network (VFN) to boost visibility for VFN-verified partners among consumers. The expansion of their market presence considerably increases Localvore’s consumer base and positions the company for growth.

“Localvore is borne out of the core values of sustainability, local business support, agri-business, entrepreneurialism, and innovative technology. With access to growth stage capital through the Flex Fund, we are able to execute our strategic growth plans at a much more accelerated pace and deliver value to our shareholders, communities and employees,” says Dan White, co-founder of Localvore. “The Flex Fund’s leadership team is committed to investing in responsible businesses that provide meaningful social and economic growth, and we are proud to be part of their portfolio.”

The Flexible Capital Fund provides creative financing in the form of near equity capital (subordinated debt and royalty financing) to growth-stage companies that strengthen the supply chain in sustainable agriculture and food systems, forest products, renewable energy, clean technology, and other natural resource sectors. As a mission-based mender, the Flex Fund is committed to helping portfolio companies grow, and therefore accelerating the rate at which Vermont, and the region, moves towards healthy food systems, renewable energy, and climate change solutions. www.FlexibleCapitalFund.com

Founded in 2012 by co-founders, Michael Nedell, Dan White, and Meg Randall, Localvore, Inc. began as a mission driven business supporting Vermont’s local food and consumer products businesses through social media marketing campaigns. In its early years, the company offered a suite of digital services that allowed local businesses to connect with socially conscious consumers in their community and measure the impact of their investment. In order to scale the business to support more local markets, they realized the need to invest in technology and create an online platform to help people discover what’s happening in local communities, with a focus on restaurants and producers who are sourcing locally, creating high quality products, working with partners within their communities, and making sustainable business choices. www.localvore.com.



VSFA Welcomes New Members

It's Tortilla Tuesday in the Test Kitchen

14 Reasons Why We Love Vermont Farmers

7th Local Specialty Crop & Local Food Trade Shows on Monday, March 5, 2018 Northeastern University, Boston, MA

Andy's Dandys: A recipe for success

Fat Toad Farm wins 2018 Good Food Award

Announcing ACORN Workshop on Working with Distributors

Specialty food going 'up and up and up,' says Mintel

Fledgling wine grape industry looks to protect Vermont vines

Good Food Foundation’s 2018 Good Food Awards and Mercantile Celebrate Excellence in Taste, Sustainability, and Social Responsibility

Agriculture Agency Events at The Vermont Farm Show

Supplier Relationships Key to Pricing, Assortment Strategies

Vermont Sugarmakers Reflect on New Challenges

Pints of Passion: Gelato Company Scoops Out Quality Flavors

Announcing the Vermont Specialty Crop Block Grant Program 2018 Request for Proposals!

Localvore expansion to MA and ME is growth model for job creation in VT

Report: Workforce development critical to sustain local food economy

Special thanks to Vermont dairy farmers on National Milk Day

Wonkblog Organic food fraud leads Congress to weigh bill doubling USDA oversight

Gut Health Tops Nutrition Trends for 2018

Up to $60,000 available through Local Food Market Development Grant program

Bennington distiller adds partners

Vermont’s workforce dilemma

MORE THAN 164 MILLION CONSUMERS PLAN TO SHOP OVER THANKSGIVING WEEKEND AND CYBER MONDAY

Famous Vt. Baking Brand Sees Growth, Thanks in Part to Retail Giant

10 RECOMMENDATIONS FOR RECRUITING, HIRING AND RETAINING MILITARY VETERANS

2018 Good Food Awards Finalists

Specialty Food Category Forecasts

SFA's Trendspotters' Top Trends for 2018

Policy and Communications Director Named at Agriculture

Produce Safety Improvement Grant Program Accepting Applications on November 15

Vermont Village Introduces Apple Cider Drinking Vinegars

FDA publishes more menu labeling guidance

ACORN Producers and Buyers Forum: Conversations Across the Local Food Spectrum

Cabot Creamery chooses FirstLight for data services

Workforce development, business succession plans required for food industry growth

Ag Agency Accepts Applications for Trade Show Assistance Grants

Amazon has slashed seller fees to try to improve its grocery selection online

At Neighborly Farms, Producing Cheddar Is a Family Affair

Community Capital of Vermont receives $1 million for microloans

Gov. Scott Celebrates Vermont’s Farm To School Grant Program With Students

Amazon's Stealth Takeover of Vermont

Vermont Agency of Agriculture Announces $1M in Grant Funding for Farm Capital Equipment Assistance Program

H Kenneth Merritt, Jr selected as ‘Super Lawyer’ for 5th Time

VERMONT AGENCY OF COMMERCE AND COMMUNITY DEVELOPMENT RECEIVES $325,600 GRANT FOR SMALL BUSINESS EXPORTING

New England Super Lawyers recognizes seven PF+C Attorneys

Vermont businesses generate over $1.8M in total sales at The Big E

Working Lands Financing Conference

What Section 179 Expensing Means for Your Business

Scott signs proclamation designating October as Employee Ownership Month

Working Lands Enterprise Board Announces $750,000 in Available Investments To Help Grow Vermont’s Economy

Vermont Artisan Coffee moves, opens coffee bar to rave reviews

2017-2018 Windham Region CEDS Update

Vt. Governor Proclaims October Farm to School Month, New Grant Opportunities Released

Vermont Agency of Agriculture, Food & Markets Announces Over $1M in Available Grant Funds

New Improvements to State Building Help Showcase Vermont Tradition and Emerging High-Quality Agricultural Products

Apple Season Has Arrived in Vermont – Get Picking!

From Wallflower to Expert Networker

Rooted in Vermont: Uniting all Vermonters around Local Food

Vermont Products Win Big at the 2017 Fancy Food Show

Job Opening: Vermont Sustainable Jobs Fund Project Manager

Fuel Your Passion with Lake Champlain Chocolates’ Fifth Limited-Edition Bar for 2017 Burlington Discover Jazz Festival

Cabot receives 2017 Tourism Partner of the Year

2017 sofi Awards Winners

City Market, Onion River Co-op Celebrates Earth Week

Craftsbury Farmers' Market Looking for Vendors

2nd Annual Green Mountain Fair at Manchester seeking Vendors

Maple Syrup Never Tasted So Good

Vermont Artisan Coffee and Tea Makes the Big Move!

City Market Awards Co-Op Patronage Seedling Grants to 8 Local Non -Profits

Cabot Sets World Record for Largest Smoothie!

Vermont Fresh Pasta Celebrating 25 years!

Gringo Jack’s Flaky Chips Verified Non-GMO

Lake Champlain Chocolates to Host New Organic Bar Tastings

Lake Champlain Chocolates Debuts 4 New Organic Bars at Specialty Foods Winter Fancy Food Show

Castleton Crackers Debuts Colorful and Compact New Packaging

Runamok makes Oprah's Favorite Things List

Japanese consumers rave over Vermont products

2017 GOOD FOOD AWARDS FINALISTS

Vermont Creamery's Non-GMO Cheese Hits the Market

Lake Champlain Chocolates achieves SQF Level 2 Certification

A Tour of Vermont Tortilla Company

Blake Hill opens Windsor plant

Working Lands Enterprise Board Announces $650,000 in Available Grant Funds and Two Innovative New Loan Programs

Lake Champlain Chocolates + Silo Distillery = A match made in heaven

Maple Syrup Breaks Away From Breakfast

US Chocolate Market to Reach $30B

 
Member Directory    |    Membership    |    Site Map    |    Recipes    |    Contact Us    |    Home
The official web site of the Vermont Specialty Food Association
148 State Street, Montpelier, VT 05602
Phone: 802.839.1930 Email: info@vermontspecialtyfoods.org
©2015 Vermont Specialty Food Association. All rights reserved.

Designed & CMS by Cambium Group, LLC