Baby-food company Little Spoon, which sells directly to consumers, has received $44 million in second-round funding.
The money came from investors led by Valor Equity Partners, and it is based on a valuation for the company of about $200 million, according to the Wall Street Journal. Little Spoon has expanded steadily, delivering an estimated 15 million meals since its founding in 2017, with 7 million of those coming since the start of the pandemic.
Little Spoon has always used a DTC model. The company uses high-pressure processing to treat its refrigerated products and extend their shelf lives, although one of its slogans tries to make a positive out of the relatively short shelf life: “Baby food shouldn’t be older than your baby.”
Little Spoon expanded into food for older children last year with the rollout of Plates, a series of meals for toddlers and up.