PLANO, Texas – Stryve Biltong secured $16.5 million in a series B funding round led by Meaningful Partners, Pendyne Capital and Murano Group.
“The past year has shown that there is a huge demand for clean protein snacks in the US, and we have assembled an experienced team of brand builders to help us shape the future of meat snacks and clean protein snacking with Stryve Biltong,” said Ted Casey, co-founder and chairman. “We have an aligned strategy for growth and are rapidly moving to put all the pieces in place to achieve it.”
In September 2018, Stryve closed a $10 million funding round led by Meaningful Partners and Murano Group. Meaningful Partners is an investment firm focused on brands that offer better-for-you food and beverage products. Murano Group specializes in direct investments.
Stryve will use the funding to invest in education, awareness and trial among consumers in addition to continued investment in talent and operations. The most recent additions to the company’s leadership team is Jaxie Alt, who joined the company as CMO in March, and RX bar founder Peter Rahal who was named a member of the board of directors.
“Stryve is at a really exciting place in its development,” Rahal said, “and I look forward to bringing my experiences in CPG to the table to help accelerate the brand’s growth.”
Plano, Texas-based Stryve Biltong was founded by former National Football League player Gabe Carimi and sports nutrition specialists Joe Oblas and Casey. The company’s meat snack portfolio includes chicken and turkey bites, beef and turkey sticks, and biltong. The products are made with little to no carbohydrates, sugar, nitrates or additives.