Flexible Capital Fund investment accelerates market expansion for Localvore’s digital marketing platform
Conscious consumers are demanding products and services from environmentally and socially responsible companies in all industries. Burlington-based digital marketing provider, Localvore, is expanding operations outside of Vermont to connect conscious consumers with restaurants dedicated to local sourcing. In recognition of Localvore’s growth potential to create jobs in Vermont and support the in-state supply chain, the Flexible Capital Fund announces an investment of $400,000 in royalty financing to expand Localvore’s reach into consumer conscious cities nationwide and grow the company here in Vermont.
The Localvore platform empowers restaurants committed to sourcing locally with marketing capabilities that are often out of reach for merchants due to resource limitations. Through customized offers and unique content directed toward larger, targeted audiences, restaurants and farms experience increased brand awareness, engagement, and loyalty from consumers that are searching for a local experience.
“Localvore is committed to strengthening local economies by connecting community-minded consumers to local restaurants that source from farms and food producers in their communities. Their willingness to provide a free platform for local farms to profile their products, and link to the restaurants sourcing the food, demonstrates strong support of building, healthy local foods systems in the markets Localvore serves,” says Janice St. Onge, president of the Flexible Capital Fund. “The Flex Fund’s investment will support Localvore’s efforts to bring the platform to scale into Boston and new markets. Accelerated market expansion creates new, good-paying, quality jobs for Vermonters and increases traffic to Vermont branded companies.”
An initial investment of $250,000 in royalty financing for personnel growth was followed by an additional $150,000 to support building the technology platform and help expand markets beyond Vermont into Portland, Maine, Boston, Massachusetts, and beyond. The Flex Fund provides creative financing in the form of near equity capital (subordinated debt and royalty financing) to Vermont growth-stage companies that strengthen or fill a gap in their supply chain while also creating quality jobs and sustainable products and services.
Localvore recently broadened its digital platform to provide a free marketing service for Vermont and regional farms, and launched a partnership with Vermont Fresh Network (VFN) to boost visibility for VFN-verified partners among consumers. The expansion of their market presence considerably increases Localvore’s consumer base and positions the company for growth.
“Localvore is borne out of the core values of sustainability, local business support, agri-business, entrepreneurialism, and innovative technology. With access to growth stage capital through the Flex Fund, we are able to execute our strategic growth plans at a much more accelerated pace and deliver value to our shareholders, communities and employees,” says Dan White, co-founder of Localvore. “The Flex Fund’s leadership team is committed to investing in responsible businesses that provide meaningful social and economic growth, and we are proud to be part of their portfolio.”
The Flexible Capital Fund provides creative financing in the form of near equity capital (subordinated debt and royalty financing) to growth-stage companies that strengthen the supply chain in sustainable agriculture and food systems, forest products, renewable energy, clean technology, and other natural resource sectors. As a mission-based mender, the Flex Fund is committed to helping portfolio companies grow, and therefore accelerating the rate at which Vermont, and the region, moves towards healthy food systems, renewable energy, and climate change solutions. www.FlexibleCapitalFund.com 
Founded in 2012 by co-founders, Dan White, Michael Nedell, Localvore, Inc. began as a mission driven business supporting Vermont’s local food and consumer products businesses through social media marketing campaigns. In its early years, the company offered a suite of digital services that allowed local businesses to connect with socially conscious consumers in their community and measure the impact of their investment. In order to scale the business to support more local markets, they realized the need to invest in technology and create an online platform to help people discover what’s happening in local communities, with a focus on restaurants and producers who are sourcing locally, creating high quality products, working with partners within their communities, and making sustainable business choices. www.localvore.co
Source URL: Read More
The public content above was dynamically discovered – by graded relevancy to this site’s keyword domain name. Such discovery was by systematic attempts to filter for “Creative Commons“ re-use licensing and/or by Press Release distributions. “Source URL” states the content’s owner and/or publisher. When possible, this site references the content above to generate its value-add, the dynamic sentimental analysis below, which allows us to research global sentiments across a multitude of topics related to this site’s specific keyword domain name. Additionally, when possible, this site references the content above to provide on-demand (multilingual) translations and/or to power its “Read Article to Me” feature, which reads the content aloud to visitors. Where applicable, this site also auto-generates a “References” section, which appends the content above by listing all mentioned links. Views expressed in the content above are solely those of the author(s). We do not endorse, offer to sell, promote, recommend, or, otherwise, make any statement about the content above. We reference the content above for your “reading” entertainment purposes only. Review “DMCA & Terms”, at the bottom of this site, for terms of your access and use as well as for applicable DMCA take-down request.
Acquire this Domain
You can acquire this site’s domain name! We have nurtured its online marketing value by systematically curating this site by the domain’s relevant keywords. Explore our content network – you can advertise on each or rent vs. buy the domain. Buy@TLDtraders.com | Skype: TLDtraders | +1 (475) BUY-NAME (289 – 6263). Thousands search by this site’s exact keyword domain name! Most are sent here because search engines often love the keyword. This domain can be your 24/7 lead generator! If you own it, you could capture a large amount of online traffic for your niche. Stop wasting money on ads. Instead, buy this domain to gain a long-term marketing asset. If you can’t afford to buy then you can rent the domain.
We are Internet Investors, Developers, and Franchisers – operating a content network of several thousand sites while federating 100+ eCommerce and SaaS startups. With our proprietary “inverted incubation” model, we leverage a portfolio of $100M in valued domains to impact online trends, traffic, and transactions. We use robotic process automation, machine learning, and other proprietary approaches to power our content network. Contact us to learn how we can help you with your online marketing and/or site maintenance.