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Whipnotic 🍨
a modern take on whipped cream
setting the scene
a summer heat wave calls for nothing other than the greatest ice cream sundae of all time 🍨
you buy your favorite pint, grab every topping in your pantry, and construct an ice cream monstrosity that looks like the Colorado mountain range 🏔
however, something's missing, you need final component that would add color and flavor to take your creation over the top ⬆️
this week's company has a new take on whipped cream that will level up your sundae 🎨
in a sentence
Whipnotic is a modern take on whipped cream that adds a colorful swirl of flavor to each can
swirls: a patented nozzle infuses all-natural fruit juices and flavoring
flavors: currently available in strawberry swirl, peach mango, fudge brownie, and vanilla salted caramel
bulleted version: Cool Whip and other whipped cream classics just aren't that cool; Whipnotic provides a colorful and flavorful product made to liven your ice cream social 🍦
the basics
industry: cpg
headquarters: New York, NY
year founded: 2022
company size: 2 employees
investors: 1st Course Capital, Blue Falcon Capital
amount raised: $900K pre-seed
business model: wholesale distribution
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due diligence
what we like
📈 a modern take on a high-demand product: with the whipped cream market reaching up to $10.3 billion by 2025, the industry is due for an innovative solution
📊 consumer trends: while dessert will never go away, sweets are trending healthier; Whipnotic's low-sugar and natural take on a consumer staple is promising
💂🏼♂️ patent protection: Whipnotic's patented nozzle gives them the a competitive edge and opportunity to expand into other categories (think deodorant, sunscreen)
potential risks
🏆 winning shelf space: for emerging CPG brands, shelf space is crucial for gaining brand awareness, yet difficult to earn
but with early success at Citarella locations, Whipnotic is on track to whip the competition
🥛 dairy-free? while the product aligns with many consumer trends, dairy intake is on the decline and dairy-free alternatives could bring competition
💲 competition from legacy brands: dairy giants and snack conglomerates have sizable marketing budgets and R&D teams continue innovating their product offerings
founder profiles
Lori Gitomer (CEO; prev. @ Creative Artists Agency, NBCUniversal)
Tracy Luckow (President; prev. @ Sakara Life, Sabra, Danone)
Elissa Harman (Advisor; additionally @ Meta)
comps
why Whipnotic: Whipnotic creamed its initial launch last month and sold out in all locations; this strong start leads us to believe the company can take market share 🛒
what do you think about this startup?we want to hear from you! |