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Bobbie isn't accepting new investments

Bobbie’s deadline was July 20, 2021

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Bobbie

An infant formula company committed to changing the conversation around feeding
B2C Subscription Organic food Women Founders Food
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Featured image of Bobbie
Fully Funded
$245,098
Raised
198
Investors
Successfully funded and closed on July 20, 2021.
Invest in Bobbie
Co-investors
VMG Partners
Consumer private equity firm in San Francisco, CA
VMG Partners was the lead investor in Bobbie's Series A round. VMG is a private equity firm specializing in building iconic consumer brands. Since it was founded in 2005, VMG has been at the forefront of consumer products investing, partnering with entrepreneurial companies, founders and co-investors to deliver a depth of experience to help grow, scale and prepare companies for exit.
Pitch Updates Reviews 85
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Closed on July 20, 2021. Information may not be up-to-date. Campaign closed on July 20, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Bobbie Baby, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Bobbie Crowd SAFE Bobbie Form C.pdf
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Hear from some of the 198 investors in Bobbie


Show more

Highlights


$10M+ raised
Company has previously raised over $10M in capital
$1M+ revenue
Company had over $1M in revenue in the past 12 months
Leading VC-backed
Company is backed by a leading VC firm
  • An organic, European-style infant formula manufactured here in the US
  • Reducing the stigma around and normalizing the usage of infant formula
  • DTC subscription model
  • Over $1M in revenue within 4 months of launching
  • Opportunity to change the $8B infant formula market
  • Featured in Vogue, Forbes, Yahoo Finance, and other major media outlets

Problem


The modern parent needs options... starting with infant formula

Many mothers cannot breastfeed or choose not to;  83% of new parents in the US will turn to infant formula at some point in the first year; they feel guilty, embarrassed and lost. And the options available to them are undesirable.... And it's only getting worse.

Solution


Bobbie: A next-generation organic infant formula company

We are a company that stands for the modern parent and bringing a product to be proud of to market. It's not enough to just provide a better product, the solution is to evolve the entire ecosystem surrounding the product. 

Product


Sourced with purpose, designed to nourish 

We designed the product around what we would feed our own babies. Science-backed recipe and purposefully chosen ingredients.

A European Style formula that meets FDA requirements. 

EU Style = Clean Ingredients & Simple Recipe

The NO's:  no corn syrup, palm oil, gluten, pesticides, or antibiotics.

The Good Stuff: Pasture-raised organic milk from (Organic Valley), 100% Lactose & DHA levels that mirror that of EU Nutritional Standards.


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The Science'y' Gist

Traction


Hundreds of thousands of bottles have been consumed

After only launching in Jan 2021, we recently celebrated hitting our $1M revenue mark. 

The journey here started over 3 years ago. Money raised and milestones hit had Bobbie launch in Jan 2021 and today Bobbie serves thousands of babies in all 50 states.

Customers


Loved and trusted by families

Nothing beats the love letters we receive every day --- validation that we are not just feeding babies but supporting parents on one of the toughest journeys, becoming a parent.

Business model


Direct to Consumer subscription model

Bobbie is sold directly to consumers through our online retail store and offers a monthly subscription so parents don't ever have to worry about running out of formula.

Market


U.S. formula market projected to reach $8B by 2026

The infant formula market has seen few changes in the last few decades. Bobbie is poised to disrupt this traditional market and provide an option to those that are turning to a sometimes unsafe and illegal black market.  

Vision and strategy


Evolving the conversation beyond formula

We will advocate and push for a better industry surrounding formula. When we look back we want Bobbie to be known for the radical and systemic change it had on this market and conversation.  

The impact we can have:

  • Moms who’ve gotten mastectomies can get a free breast pump but no coverage for the cost of formula. We want to change this policy. 
  • There is no set level of minimum DHA required in infant formula in the US. We want to create new national standards. 
  • There are no minimums for corn syrup as a carb source in US infant formula. We want to advocate for guardrails.  

Funding


Meet some of our investors

Visionaries and change-makers back Bobbie. Bobbie is backed by venture capital and guided by veteran industry advisors guiding them forward. 

We strongly believe that the best investors are those that connect with purpose and often times that means you're a customer. It's only the start and we want more women to play a role in enjoying the value that you're supporting to create.

Pull up a seat, this could be you.

Founders


Founded by moms inspired to develop better options

A mom-founded and female-led company, Bobbie was created from personal experience. Our founders are not afraid to shake things up. After a decade at Airbnb, they’re right to take on this stagnant industry. 


What to Expect After

Deal terms


Series A Valuation

$85,000,000

The stated valuation at the close of Bobbie's Series A Financing. This valuation was used to calculate a price per share at which the Crowd SAFE may be converted into capital stock of the Company or cashed out at certain trigger events.
Learn more.

Minimum investment

$100

The smallest investment amount that Bobbie is accepting.
Learn more

Maximum investment

$2,000

The largest investment amount that Bobbie is accepting.
Learn more

Funding goal

$245.1K

Bobbie must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $245.1K.
Learn more

Deadline
Bobbie needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Bobbie Baby, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Bobbie Crowd SAFE Bobbie Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Bobbie.
Invest
$100
Receive
  • Each person who invests and joins the MotherLode will get an annual Executive Membership on Ellevest to continue their investment journey.
  • After the round closes, you'll receive an email with instructions on how to get set up.

About Bobbie

Legal Name
Bobbie Baby, Inc.
Founded
Mar 2018
Form
Delaware Corporation
Employees
22
Website
hibobbie.com
Social Media
Headquarters
Google Map location of of Bobbie
2193 Fillmore Street , San Francisco, CA
Headquarters
2193 Fillmore Street, San Francisco, CA, United States 94115

Bobbie Team
Everyone helping build Bobbie, not limited to employees

Profile picture of Laura Hughes Modi
Laura Hughes Modi
CEO
Mom of 3 rascals
Profile picture of Sarah Hardy
Sarah Hardy
COO
Laura Hughes Modi
CEO
Sarah Hardy
COO

Press

This New FDA-Approved Baby Formula Brand Is Bridging the ...
Vogue Vogue
·
Jan 28, 2021

Many women ultimately settle on some combination of nursing and formula, adopting a "fed is best" mentality by supplement...

This New Organic Infant Formula Startup Aims To Destigmat...
Well+Good Well+Good
·
Jan 5, 2021

Like many moms, I set high breastfeeding goals for myself during my first pregnancy. I aimed for the American Academy of ...

Bobbie Launches First Organic, European-Style Infant Form...
Yahoo Yahoo
·
Jan 5, 2021

The first national infant formula brand to launch in the U.S. in five years offers a safe, FDA regulated alternative to t...

Bobbie Is The Infant Formula These Founders Wish They Had...
Forbes Forbes
·
Jan 5, 2021

New parents face many challenges when caring for a newborn, from sleep deprivation to mental health. However, the one tha...

How Infant Formula Startup Bobbie Survived an FDA Crackdo...
Inc.com Inc.com
·
Sep 30, 2020

Startup Laura Modi was sitting in a meeting when Sarah Hardy, her co-founder at the infant formula startup Bobbie, arrive...

Baby formula shortages easing after coronavirus panic buy...
The Commercial Appeal

For weeks now, Samantha Kilano has kept her husband and 11-month-old daughter safe in their Vallejo, California, home, sh...

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Bobbie

Bobbie successfully raised $245,098 from 198 investors on July 20, 2021
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Profile picture of Franklyn Moffitt
Lindsay, Amoli, Michelle, Jean-Pierre, Franklyn, and 193 others invested. 85 Reviews
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