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Summit Naturals Raises Nearly $10M

July 6, 2020: 12:00 AM EST
Though start-up investment has been hobbled somewhat by economic hardships and uncertainty resulting from the pandemic, Florida-based snack maker Summit Naturals managed to raise $9.5 million in capital, according to two SEC filings. The company operates HighKey, a brand of snacks like cookies and cereal that are gluten-free and keto diet-friendly. The global market for the low-carb, high-fat keto diet, which has generated considerable demand for custom foods, was worth $9.7 billion in 2018, according to Insight Partners, which projects the valuation to grow to $15.6 billion by 2027. [Image Credit: © Highkey ]
Alex Soderstrom , "Orlando healthy snack startup raises capital", Orlando Business Journal , July 06, 2020, © American City Business Journals
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