Gourmet food purveyor raises $1.2M

BONITA SPRINGS — Innovative Food Holdings raised $1.2 million of additional capital from wealthy individuals and institutions to fuel the company's growth.

In August, the Bonita Springs-based purveyor of gourmet foods to professional chefs acquired The Fresh Diet, which delivers freshly prepared meals to consumers at home in over 570 cities.

In addition to raising new capital, Innovative Food says Yorkmont Capital Partners bought out 3.2 million restricted shares held by a dissident shareholder of The Fresh Diet.

“Over a period of several months the company was able to negotiate and structure a block purchase transaction, enabling the replacement of a dissident shareholder with sophisticated and value-added long-term institutional shareholders,” says Sam Klepfish, CEO of Innovative Food, in a statement.

“The simultaneous closing of a $1.2 million private placement provides the company with additional capital to fuel growth in both The Fresh Diet and our direct-to-chef business,” Klepfish says in a statement. “The meal delivery space is one of the biggest food tech trends in the market today, and The Fresh Diet is the nationwide leader in freshly prepared gourmet meals.”

You can read a recent story about Innovative Food in the Business Observer by clicking here.