Key Highlights
- Tia Lupita Foods, a company specializing in “better-for-you” Mexican food products, has successfully closed a seed funding round of $2.6 million led by Santatera Capital and GBM Ventures.
- The funding will be used to expand the company’s product offerings and presence in the market.
Tia Lupita Foods, a company specializing in Mexican foods and products that prioritize health and sustainability, has successfully closed a seed funding round, securing $2.6 million in capital. The funding was raised primarily by Mexican investment entities and led by Santatera Capital and GBM Ventures, two strategic funds with extensive experience in the food and beverage and consumer products sector.
Seed Funding Success for Tia Lupita Foods
This seed funding is intended to fuel the company’s expansion and bolster its growing presence in the “better-for-you” Mexican food segment. Tia Lupita, which previously received an investment from Kevin O’Leary on the television series “Shark Tank” earlier this year, aims to utilize this significant capital infusion to achieve several key objectives.
From Hot Sauce to Diverse Sustainable Food Categories
Hector Saldivar, the founder of Tia Lupita, stated, “With this large capital infusion, we plan to grow our team, accelerate new product development, and expand into new markets.”
- Tia Lupita Foods had undergone significant growth since its inception in 2018, when it initially started as a hot sauce manufacturer.
- The company’s original recipe was inspired by Mr. Saldivar’s mother, with whom he had immigrated from Mexico.
- The company is named after Tia Lupita.
Over the years, Tia Lupita has expanded its product offerings to include a variety of sustainable food categories, such as grain-free tortilla chips, salsa macha (Mexican chili crisp), and cactus
tortillas.
Tia Lupita’s Nationwide Retail Presence
The products are available both online and in a broad range of retail stores, with a presence in over 4,000 nationwide retailers, including:
- Whole Foods Market
- Publix
- HEB
- Sprouts Farmers Market
- Target
- Walmart
- Albertsons.
The successful seed funding round reflects the growing consumer demand for healthier and more sustainable food choices, making Tia Lupita’s expansion efforts in the “better-for-you” Mexican food segment particularly promising.
FAQs
1. What is Tia Lupita Foods known for?
It is known for its “better-for-you” Mexican food products, including hot sauces, grain-free tortilla chips, salsa macha, and cactus tortillas.
2. Where can I find Tia Lupita products?
Tia Lupita products are available online and in over 4,000 nationwide retailers, including Whole Foods Market, Publix, HEB, Sprouts Farmers Market, Target, Walmart, and Albertsons.
3. Who led the seed funding round for Tia Lupita Foods?
Santatera Capital and GBM Ventures, Mexican investment entities with experience in the food and beverage and consumer products sector, led the seed funding round.
