Crispy Fantasy Protein Cereal, Chocolate, Gluten Free, Vegan, Low Sugar, Protein Snacks, High Fibre, Plant Based, Just Add Milk, Healthy Breakfast for Kids & Adults, 8g Protein Per Serving, 4 Boxes
About this deal
Bouton, who described Crispy Fantasy as the “Halo Top of cereal,” noted how the cereal startup will be leveraging their distribution platform — currently sold in more than 30 countries — to eventually build a global presence. Rahal also said in a statement: “With my experience, I'm going to help these amazing founders with all the problems that emerge with the company building process.” Strategic Market Expansion
The bottom line for Crispy Fantasy is to focus on taste first and excel what a typical healthy cereal should be other than zero sugar or grain, aspiring to be the European challenger brand to a breakfast cereal duopoly — Kellogg’s and Nestlé, owner of Cheerios outside of North America and Shreddies, according to Rodrik and Nahoum. We believe the European breakfast cereal market is ripe for disruption especially as there haven't been any new products that cater to the needs of health-conscious consumers,” Rodrik and Nahoum told FoodNavigator. With our plant-based attribute and classic, nostalgic flavours, we're able to satisfy literally everyone as a mass-market brand,” the co-founders suggested. 'The Halo Top of cereal'With deep-rooted beliefs in democratizing access to nutrition, Crispy Fantasy creates better value for its customers at a more affordable price. Later in the year, Crispy Fantasy is expecting to become available in physical stores and has ambitions for “mass market” distribution through “the major mults” Rodrik said, adding the brand was hoping to emulate the success of Candy Kittens and Little Moons.
Rodrik and Nahoum didn’t disclose the amount raised, but said the significant funding will help them ramp up new product development, roll out across retail, and hire new employees, in addition to enhancing online shopping experience. However, it could be a prolonged task for Crispy Fantasy to land in the U.S. due to market saturation and intensified competition. Crispy Fantasy already has accomplished the hardest thing: creating a mind-blowingly great product. I've tasted the other 'healthy' cereals and Crispy Fantasy's product blows all of them away; it's truly the 'Halo Top' of cereal," says Doug Bouton. "Halo Top is sold in more than 30 countries, and I'm incredibly excited to partner with Crispy Fantasy as an investor and advisor to help them build a global brand anchored by mind-blowingly great products." Indeed, Crispy Fantasy believes its approach puts it in prime position to disrupt the European breakfast cereal category and take market share from ‘incumbents’ that, the start-up founders say, have failed to bring innovation to the segmentCrispy Fantasy, co-founded by entrepreneurs Andrea Rodrik and Raphaël Nahoum, is made with a short list of wholesome and natural ingredients, including unsweetened cacao powder, soy and pea protein, as well as avocado oil. Each cheerful, bright-colored box provides four times more protein and at least 50% less sugar than leading cereals on the market. The breakfast cereal market is forecast to grow by CAGR of 4.2% through to 2026, according to figures from Mordor Intelligence. However, Crispy Fantasy doesn’t see anything new coming to the shelf to bring excitement to the fixture. Mr. Rodrik and Nahoum comment: "At Crispy Fantasy, we are creating a brand new category, in which taste meets health, making cereal the way it should be — delicious, fun, and loaded with nutritional benefits that help you stay energized and productive. We also feel tremendously fortunate to partner with Doug and Peter, two of America's most profound food entrepreneurs, leveraging their vast network and resources to bring our exciting products and best-in-class experience possible to market."