SkinnyDipped, the well-known brand recognized for its delicious and health-conscious snacks, has successfully raised $12 million in a Series A funding round that concluded in August 2023.
This significant investment round was led by David Grutman, a prominent entrepreneur based in Miami, and features a remarkable array of individual investors, including celebrities, athletes, and industry figures.
What sets this Series A round apart is that it comprises individual investors rather than a special purpose vehicle, where investors pool their funds into a single entity. Notable participants in this round include Alesso, Kevin Durant, Kaskade, Steve Aoki, Marshmello, Sebastian Ingrosso, and many others from various domains.
Breezy Griffith, CEO and Founder of SkinnyDipped, expressed gratitude for the overwhelming support and enthusiasm from consumers, the industry, and investors.
She also highlighted the brand’s diverse and eclectic portfolio of investors, ranging from A-list artists to elite athletes, all showing tremendous love for SkinnyDipped. David Grutman, a dedicated SkinnyDipped superfan, brings creativity and enthusiasm to the brand, which excites Breezy Griffith.
David Grutman, the entrepreneur leading this investment round, was genuinely impressed by SkinnyDipped’s achievements, including their reputation for creating exceptional snacks. He praised the company’s snacks and its all-around business excellence.
This strategic investment coincides with SkinnyDipped’s expansion into new retailers like Costco and Publix, adding to their existing partnerships with major retailers such as Target and Kroger. The funding will support ongoing retail expansion, philanthropic initiatives, and innovation as SkinnyDipped prepares to enter new markets and segments.
SkinnyDipped, known for pioneering thin-dipped nuts, has redefined snacking by combining reduced sugar content with irresistible flavors in products like Lemon Bliss Almonds, Unicorn Birthday Cake Cashews, and Dark Chocolate Peanut Butter Cups.
Having earned a strong presence in the consumer packaged goods sector, SkinnyDipped is now positioned for significant growth in terms of exposure, recognition, and market share.
Launched in 2016, SkinnyDipped is currently available in over 25,000 retail locations nationwide and has received numerous awards, including a spot on the Inc. 5000 ranking for multiple consecutive years. Val Griffith, Chief Innovation Officer at SkinnyDipped, was named to Forbes’ 50 Over 50 List for her inventive and creative contributions to the company.
