Q&A With Local Crate CEO Frank Jackman On The $1.4m Raise

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Ecommerce meal subscription service startup Local Crate closed a $1.4m seed round last week and now we learn more about that milestone from cofounder & CEO Frank Jackman.

 
What is your objective with Local Crate?

Local food is one of the fastest growing food trends, surpassing that of organic, but without a clear leader in this space since it’s highly fragmented between co-ops, restaurants, family farms, etc.

There is great opportunity in the food system to combine technology for efficiency, freshness, quality, and even cost savings. Today we are meal kits, which is how we’ve identified the need, and from there we will expand.   Our ultimate goal is to become the first nationally recognized local food brand based on a decentralized system.

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Local Crate Banks $1.4m, Expands To Illinois, And Pulls Newkirk In As CMO

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Via News Release

“MINNEAPOLIS, April 12, 2018 — Techstars alum, Local Crate, announced today it has raised $1.4 million in a Seed funding round led by Midwestern based firms The Syndicate Fund, Matchstick Ventures, M25 Group, and Router Ventures.

Additionally, a select group of Minnesota angel investors contributed. Local Crate will use the funding to fuel market and channel growth, expanding its vision to build out the first locally-driven food platform on a national scale.”

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From A Box Of Radio Parts, To $2.3B Annual Revenue

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By John Reinan, Star Tribune

“THIEF RIVER FALLS, MINN. — If you were going to pick a spot to locate a worldwide shipping company, this wouldn’t be it.  An hour from the nearest interstate highway, with an airport terminal that’s smaller than the local curling club, Thief River Falls is a place where the recent arrival of a Tractor Supply store was big news.”

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Target Teams Up With Florida Honeymoon Crowdfunding App

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Via News Release

“Target has long been a go-to for wedding registries, thanks to its broad product assortment and great prices, giving couples and their wedding guests an easy way to find the perfect gift. Now, with new enhancements, Target’s registry is even more convenient and inspiring for registrants and gift-givers.”

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