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B.T.R. NATION isn't accepting new investments

B.T.R. NATION’s deadline was August 22, 2023

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Logo of B.T.R. NATION

B.T.R. NATION

On a mission to end mindless snacking with superfood + adaptogen-boosted snacks
Women Founders D2C Nutrition Food
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$67,848
Raised
149
Investors
Successfully funded and closed on August 22, 2023.
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founder
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by BETTER BROWNIE BITES, INC. . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
B.T.R. NATION Crowd SAFE Better Brownie Bites, Inc. Form C.pdf
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Hear from some of the 149 people reserved or invested in B.T.R. NATION


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Highlights


$500K+ revenue
Company had over $500K in revenue in the past 12 months
Bootstrapped
High traction without any outside capital
  • On a mission to end mindless snacking 1 purpose-driven ingredient at a time
  • On track to hit $2M in year 3 with operating profit EOY; $25M by 2025
  • 1100+ 5-star reviews across all platforms in less than a year
  • 150+ notable retailers: Erewhon Market, Foxtrot, Bristol Farms & GoPuff
  • Winner of Women Founders Network $30k Pitch Slam and Entreprenista 100
  • Launching into 1000+ points of distribution by Q4 2023
  • Disrupting the $78B on-the-go snacking industry one snack at a time


Problem


130M+ Americans are diagnosed with chronic health conditions every year

They're searching for clean, convenient, functional snacks.

Health conscious consumers are not only searching for better-for-you options, they want GOOD-FOR-YOU. When Founder, Ashley Nickelsen, lost her parents to rare forms of stage 5 cancer, she made it her mission to create nourishing on-the-go snacks that taste good & feel good for the mind & body.

Over 72% of consumers read ingredient labels. Consumers are demanding clean label, low sugar, functional benefit & bold taste. 

Meet the B.T.R. NATION customer

—

...But the $78B on-the-go snacking
industry is still a "sea of sameness:"

The average American consumes 77g of added sugar every day, more than 3x the recommended amount. 

Excess sugar is linked to inflammation, gut imbalances, brain fog & obesity. By offering low sugar options with clean ingredients and functional benefit, we can directly remove sugar from the American diet to make a positive impact on people's health. 

Solution


The future of snacking is functional. And we've cracked the code.

We're replacing sugar with
ingredients that help you thrive.

At B.T.R. NATION, we combine function and flavor to make superfood & adaptogen based snacks with unparalleled taste all without the sugar. Starting with our first two product lines: Protein Bars with a Purpose and Superfood Truffle Cups (a cross between a nostalgic nut butter cup and a decadent truffle). With 90% less sugar, seriously clean ingredients, and 100% powered by complete plant-based protein that will keep you full for hours, B.T.R. NATION is the solution.

Our 1100+ 5-star reviews speak for themselves. We check all 
the right boxes for consumers, and we help them meet their long-term health and 
wellness goals. We receive countless messages from customers who share their 
experiences about how our snacks have been gamechangers while managing diabetes, 
gut health conditions, autoimmune disorders, and cancer. Our customers share that 
B.T.R. NATION is the only bar that they can eat without feeling like junk, and the only 
bar they enjoy eating. We’re filling a real need in the market.

Product


Reimagining the modern vending machine

B.T.R. NATION checks all the right boxes. No added sugar, 100% plant-based, seriously clean ingredients (aka no soy, “natural” flavors, sugar alcohols, or inflammatory additives, and boosted with functional superfoods. B.T.R. NATION’s core thesis revolves around disrupting the archaic and antiquated vending machine and on-the-go snacking set. We take snacks out of the vending machine, give them a much needed upgrade, and make snack time actually good for you.

Our bold, vibrant packaging grabs your attention and clearly communicates our values on both the digital and physical shelves.

We have 5 mouthwatering protein bars in market with our most recent flavor, Banana Nut NOURISH, in collaboration with world-renowned Registered Herbalist, Rachelle Robinett.

The best part? B.T.R. NATION Bars taste like cookie dough thanks to our special blend of nut butters and functional ingredients, like cinnamon, cacao & vanilla.

—

Reimagining on-the-go cult classics

Our Superfood Truffle Cups are flipping the script on chocolate. Take everything you’ve ever thought about a boring nut butter cup, and upgrade it 10x. We have 3 decadent SKUs in market: Snickerdoodle, Brownie Batter, and Cherry Chocolate. No added sugar, naturally sweetened with dates, and sustainably & ethically sourced cacao from regenerative farms. Clearly, not your average cup.

The response has been so popular, our Superfood Truffle Cups have a 70% repeat customer rate.

We’re launching 3 new SKUs within this product line in September 2022 and we’re working with a best-in-class chocolatier (hint, hint) to make it happen.

Want a taste? Let us know, and we’ll send you the goods.

Traction


The hype is real. 350,000+ bars sold in the first 15 months.


  • It’s not easy to break through in the snack industry and prove product market fit, but we’re doing it. Our customer retention rate is nearly 45% (~45% higher than industry average)
  • Our ecommerce conversion rate is over 8%! The industry average is only between 2-3%. This speaks to the efficiency and effectiveness of our DTC channel strategy.
  • We have strong gross margins (between 55-60% depending on SKU) which will only improve as we scale.
  • This is just the beginning. We’re well on our way to $25M by 2025 as a result of our strategic omni-channel business plan.

Due to our strong online presence, our customers are demanding B.T.R. NATION in store. In our first year alone, we launched into over 100 doors, including notable retailers, Central Market, Foxtrot, Misfits Market, and GoPuff nationwide. 

We are poised to launch into 1000+ more points of distribution this year as a result of strategic distribution partners.

In Misfits Market alone, we’re moving 2x as many bars as the average protein bar on-site.

—

Opening doors nationwide


Customers


Tens of thousands are obsessed

"I seriously can't live without my B.T.R. Bars. They're the only bar that tastes fantastic, fills me up, and is 100% healthy."
- Sharon M. (happy repeat customer)

Customers love their experience with B.T.R. NATION. But most importantly, we are filling a literal need in their daily routine.

The B.T.R. NATION customer is the label reader: the health conscious individual who cares about their health and/or may be living with a chronic health condition. 

The organic content we create on Instagram & TikTok helps us get discovered and generate sticky consumer connections. Our customers become loyal superfans who tell all their friends.

We're proud to partner with 50+ Registered Dietitians, Herbalists & Naturopathic Doctors who believe in our mission & help us create and test new recipes. Our strong & loyal community is our foundation.

Our customer base spans from 18-54 and skews female. Our community includes a ton of moms who have finally found the perfect on-the-go snack they can trust for themselves & their families.

Business model


An omni-channel strategy powered by storytelling


DTC is our rocket ship and most profitable channel


B.T.R. NATION has seen incredible traction in the bar category in our 1st year in business. Our DTC/ecommerce business is booming (70% of sales), experiencing double digit growth QoQ, and our most profitable channel. 

As a result of how we're building the business brick by brick, and partnership by partnership, B.T.R. NATION is positioned to be fully profitable by 2023, and we've even demonstrated an operating profit in Q1 2022.

We’re excited to grow our DTC channel 4-5x this year thanks to our incredibly loyal customer base, mission-driven organic content, and key influencer partnerships.


—

Winning in retail

With our successful launch into retailers like Central Market & Foxtrot, we've built a playbook to replicate that success with new key retailers. Velocity is the most important metric, so we're hyper focused on growth and supporting our existing partners. 

—

Strategic retail expansion

With every new chain & region, we’re prepared to support with boots on the ground and innovative promotions to ensure excellent velocities. By focusing on key anchor accounts and regional rollouts, we have been able to demonstrate capital efficiency in a traditionally expensive channel. We've partnered with 2 national distributors, UNFI & Pod Foods to fuel our expansion strategically.

With our focused strategy, B.T.R. NATION is projected to scale to $25M and 5000+ retail doors by 2025.


Market


Cross-category market opportunity

B.T.R. NATION is tackling a massive market opportunity with a vision to reimagine on-the-go cult classics.

We’re addressing three key markets: the $78B healthy snacking category, the $29B plant-based foods category, and the $8.5B adaptogens category. By offering healthy plant-based snacks with 90% less sugar and a tastier way to consume your daily superfoods & adaptogens, we’re positioning ourselves for a strategic acquisition.

The growing healthy snacks market is booming (projected to reach $108B by 2027) due to the increased demand for functional foods among consumers who want to reduce the risk of certain lifestyle-related chronic health conditions. We're at the forefront of the healthy snacking revolution.

Competition


We check all the right boxes

We’re no stranger to the fact that the snacking industry, particularly the bar category, is crowded. But here's how we’re breaking through. 

We check all the right boxes for consumers with our one-of-a-kind, highly differentiated product line:

Within the protein bar set, there are two main subcategories: 

1. Bars high in sugar with a relatively clean ingredient profile, and

2. Bars low in sugar with inflammatory highly processed ingredients. 

We're the best of both worlds! We’re removing sugar and replacing it with powerful superfoods & adaptogens that help you thrive. So we’ve really got it all:

Plus, B.T.R. NATION is WAY bigger than a bar. We're building a platform, growing a brand, and providing a personalized experience for our customers. 

By launching DTC as a digitally native brand, we have the power to speak to our customers one-on-one and get to know their needs and wants. We make customers a part of our brand, so B.T.R. NATION is a community and lifestyle, not just a product. 

Our competitive advantage is our ability to educate and offer value in a creative, inspirational, and authentic way. Our customers deeply resonate with our brand mantra to “be BOLD, TENACIOUS & RESILIENT,” and we receive messages daily about how our snacks empower them to do that. It’s how B.T.R. NATION has been able to grow exponentially.

Vision and strategy


Your one stop shop for on-the-go functional snacks


B.T.R. NATION is building a platform brand that provides people with low-sugar, clean and functional snacks in a variety of convenient formats.

Consumers are always looking for more convenient options but there’s simply not enough innovation in the category so they traditionally settle for whatever's available. We’re changing that.

We plan to expand to 2500+ doors in the next 24 months and are projecting significant growth YoY on our way to $25M in 2025, based on our current velocities, product pipeline, and secured distribution.


B.T.R. NATION is pursuing a  cross-category strategy and building our brand around our core values, similarly to what major players, like Hu Kitchen and RX Bar, have done. 

We're establishing product market fit for each product line first utilizing our incredibly loyal and supportive DTC consumer base. Once we test & iterate, we can launch in retail successfully.


An industry ripe for strategic acquisitions & exits


B.T.R. NATION has the key elements to be the next big platform snacking brand on the path towards a successful exit. With our authentic founder story & mission, exceptional product attributes, and the unique ability to tap into our loyal superfans, we are poised for success.

Funding


Bootstrapped, self-funded, no debt & an opportunity to scale with profitability


Raised $400k from key strategic angel investors


We’ve now brought on key strategic angel investors who are not only brand ambassadors for B.T.R. NATION, but customers. Our angel investors have a wide range of entrepreneurial backgrounds from M&A to marketing. They’ve invested in other notable companies in the better-for-you space, like Poppi & Magic Spoon. 

We’ve demonstrated strong product market fit and are seeking growth capital to scale. We will use the funds to:

  • Innovate to meet our customers’ needs, grow our portfolio, and increase average order value (AOV) in the process.

  • Grow our team strategically and cost efficiently.

  • Expand distribution and open more doors with strategic trade spend & digital marketing.

We hope you join us on this journey to end mindless snacking and reimagine the modern vending machine.

Founder


Empowering you to be BOLD, TENACIOUS & RESILIENT

Ashley’s inspiration for B.T.R. NATION came at an unlikely time in an unlikely place: standing in front of a hospital vending machine. 

Both her parents had been diagnosed with rare forms of stage 5 cancer, and she became their primary caretaker. Between chemo appointments and radiation, Ashley and her family were eating absolute junk from hospital vending machines.

With a background in biochemistry and food studies from NYU, she took to the kitchen to create something better: plant-based, low in sugar, superfoods & adaptogens. Everyone loved her creations—the doctors, nurses, other caretakers, and especially her parents who were having a hard time eating anything. She knew she had something here.

When Ashley’s parents passed away, she tabled the idea and put away her recipes. But she always knew deep down that she would find a way back to them.

Ashley had been working in higher education & college student affairs for most of her professional life building teams and fostering community amongst tens of thousands of college students. In the middle of her father’s cancer battle, she made a career transition and joined the wellness brand, Further Food, as the first full-time hire. As the Head of Sales & Marketing, she went on to grow that company from $0-$9M. But when the pandemic hit, her strong passion to honor her parents’ legacy came back tenfold. 

And what better way to be bold, tenacious & resilient, than to make big bold changes within the stale and boring $80B snacking industry. And that’s how B.T.R. NATION was born.

Ashley soft-launched B.T.R. NATION direct to consumer at the end of 2020 and immediately sold out. She officially launched in February 2021 with an additional SKU after receiving feedback from her first couple hundred customers to launch a clean, low sugar peanut butter bar. And B.T.R. NATION has been on a rocket ship ever since. 

Deal terms


Valuation cap

$5,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

10%

If a trigger event for B.T.R. NATION occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that B.T.R. NATION is accepting.
Learn more

Maximum investment

$25,000

The largest investment amount that B.T.R. NATION is accepting.
Learn more

Funding goal

$124K

The maximum amount the offering can raise is $124K.
Learn more

Deadline
B.T.R. NATION 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

Nominee Lead

Chief Executive Officer of Better Brownie Bites, Inc. (Ashley Nickelsen)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by BETTER BROWNIE BITES, INC. . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
B.T.R. NATION Crowd SAFE Better Brownie Bites, Inc. Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in B.T.R. NATION.
Invest
$150
Receive
  • 25% off site-wide at btrnation.com
Invest
$300
Receive
  • 25% off site-wide at btrnation.com
  • BOLD, TENACIOUS & RESILIENT VIP swag bag
Invest
$500
Receive
  • 50% off site-wide at btrnation.com
  • BOLD, TENACIOUS & RESILIENT VIP swag bag
Invest
$1,000
Receive
  • FREE box of B.T.R. Bars
  • BOLD, TENACIOUS & RESILIENT VIP swag bag
Invest
$2,500
Receive
  • FREE 1-month supply of B.T.R. Bars
  • BOLD, TENACIOUS & RESILIENT VIP swag bag
  • Exclusive Access to the B.T.R. Serial Snacker Club (sample all new recipes and be a part of product innovation!)
Invest
$5,000
Receive
  • FREE 3-month supply of B.T.R. Bars
  • BOLD, TENACIOUS & RESILIENT VIP swag bag
  • Exclusive Access to the B.T.R. Serial Snacker Club (sample all new recipes and be a part of product innovation!)
1 investor
Invest
$10,000
Receive
  • FREE 6-month supply of B.T.R. Bars
  • BOLD, TENACIOUS & RESILIENT VIP swag bag
  • Exclusive Access to the B.T.R. Serial Snacker Club (sample all new recipes and be a part of product innovation!)
  • Invite to annual investor meeting
  • Limited (24 left of 25)
Invest
$25,000
Receive
  • FREE 1-YEAR supply of B.T.R. Bars
  • BOLD, TENACIOUS & RESILIENT VIP swag bag
  • Exclusive Access to the B.T.R. Serial Snacker Club (sample all new recipes and be a part of product innovation!)
  • Invite to annual investor meeting
  • Limited (12 left of 12)
Invest
$50,000
Receive
  • FREE 1-YEAR supply of B.T.R. Bars
  • BOLD, TENACIOUS & RESILIENT VIP swag bag
  • Exclusive Access to the B.T.R. Serial Snacker Club (sample all new recipes and be a part of product innovation!)
  • Invite to annual investor meeting
  • FREE trip to San Francisco to tour B.T.R. NATION HQ and have farm-to-table dinner with Founder, Ashley
  • Limited (8 left of 8)

About B.T.R. NATION

Legal Name
BETTER BROWNIE BITES, INC.
Founded
Apr 2022
Form
Delaware Corporation
Employees
1
Website
btrnation.com
Social Media
Headquarters
Google Map location of of B.T.R. NATION
520 Hampshire Street 210 , San Francisco, CA
Headquarters
520 Hampshire Street, 210, San Francisco, CA, United States 94110

B.T.R. NATION Team
Everyone helping build B.T.R. NATION, not limited to employees

Profile picture of Ashley Nickelsen
Ashley Nickelsen
Founder, CEO & Chief Snack Officer
Profile picture of Alice Zhang
Alice Zhang
Strategic Advisor: Finance
Profile picture of Rafael  Dodo
Rafael Dodo
Strategic Advisor: Operations
Profile picture of Ally  Case
Ally Case
Strategic Advisor: PR
Profile picture of Maya Degnemark
Maya Degnemark
Marketing Intern
Profile picture of Adam Riff
Adam Riff
Fulfillment & Logistics Manager
5 more team members
Ashley Nickelsen
Founder, CEO & Chief Snack Officer
Alice Zhang
Strategic Advisor: Finance
Rafael Dodo
Strategic Advisor: Operations
Ally Case
Strategic Advisor: PR
Maya Degnemark
Marketing Intern
Adam Riff
Fulfillment & Logistics Manager

Press

Building bar sales
Foodbusinessnews
·
Mar 8, 2022

B.T.R. Nation, San Francisco, draws its name from the slogan “Be bold, tenacious and resilient.” The B.T.R. Bars contain ...

22 Female Founders Changing Food & Beverage in 2022 - Ind...
Foodboro Foodboro
·
Mar 1, 2022

Whether it be products that are more sustainably sourced, allergen friendly, nutritious snacking, culturally informed and...

Snack bar sales poised to bounce back
Foodbusinessnews
·
Feb 7, 2022

B.T.R. Bar, a protein bar made with functional mushrooms, does this by using a cashew and almond butter base to give the ...

Building a Business with Purpose
almost30.com
·
Jan 20, 2022

"Be bold, tenacious, and resilient." Ashley Nickelsen had no idea that her parent's childhood mantra would eventually tak...

Behind the Scenes of the Third Annual Pitch Competition
Enthuse Marketing
·
Dec 6, 2021

Our Third Annual Pitch Competition is in the books! Held on November 9th, more than 200 people tuned in to watch six CPG ...

Peanut Who? Alternative Nut Butters Are Taking Over Groce...
Entrepreneur
·
Apr 13, 2021

But say you need your nutrition on the go – BTR Bar is a San Francisco-based company that makes snack bars primarily comp...

Brand of the Day: B.T.R. Bar Has Drool-Worthy Packaging
PRINT Magazine
·
Mar 11, 2021

With flavors like cherry chocolate chip, cinnamon cookie dough, and dark chocolate brownie, I bet you wouldn't believe me...

7 Nutritionist-Approved Coffee Alternatives That Will Kee...
Thrillist
·
Feb 9, 2021

While a lot of protein bars can be packed with sugar, this one is loaded with energizing adaptogens instead. Caffeine-fre...

In Conversation with Ashley Nickelsen of B.T.R. Bar - Ent...
Entreprenista
·
Jan 12, 2021

B.T.R. Bar is on a mission to end mindless snacking by giving new meaning to snack time. That's why we make the first pro...

Interview with Ashley Nickelsen, Founder & CEO of B.T.R. ...
The Founder
·
Jan 5, 2021

Check out Ashley's recommendations for newsletters, podcasts, books and other inspiration Don't have time for the full ep...

The Top 10 Trends In Plant-Based Food In 2020-And Where W...
Forbes
·
Dec 21, 2020

Hindsight is 20/20, and 2020 is almost in hindsight-fortunately, if you ask most of us. But despite the considerable chal...

Best New Vegan Products
VegOut
·
Dec 10, 2020

B.T.R. Bar—a protein bar boosted with purpose-driven superfoods and adaptogens—was made to satisfy all your cravings and ...

B.T.R. Bar For Every Time Of The Day
Thedieline

When you need energy on-the-go, look to BETTER. B.T.R. Bar, a new line of power bars infused with superfoods. Each of the...

6 Foodboro Members You'll Find at Pop Up Grocer Chicago -...
Foodboro

Pop Up Grocer, our favorite traveling pop-up grocery store, is open in the Wicker Park neighborhood of Chicago April 30-M...

Show all
Logo of B.T.R. NATION

B.T.R. NATION

B.T.R. NATION successfully raised $67,848 from 149 investors on August 22, 2023
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Republic and its affiliates are not and do not operate or act as a bank. Certain banking services are provided by BitGo Trust Company, a South Dakota-chartered trust company and registered money services business. BitGo Trust Company is not an FDIC member. Digital (crypto) assets and investment products are not insured by the FDIC, may lose value, and are not deposits or other obligations of BitGo Trust Company and are not guaranteed by BitGo Trust Company. Terms and conditions apply.

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