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LUPii isn't accepting new investments

LUPii’s deadline was August 7, 2021

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LUPii

Powering food with the #1 plant protein: the lupini bean
B2C Food Women Founders Plant-Based
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$202,443
Raised
567
Investors
Successfully funded and closed on August 7, 2021.
Invest in LUPii
Pitch Updates 22 Reviews 81
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Closed on August 7, 2021. Information may not be up-to-date. Campaign closed on August 7, 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 Allibelle Foods Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
LUPii Crowd SAFE Lupii Form C.pdf
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Hear from some of the 567 people reserved or invested in LUPii


Show more

Highlights


$250K+ revenue
Company had over $250K in revenue in the past 12 months
Venture-backed
Company is backed by a venture capital firm
  • Building a mission-driven food company to hero the incredible lupini bean
  • First product range, Lupii Bars, disrupting a stale category
  • 4 delicious flavors with excellent source of whole food protein & fiber
  • $34B total addressable plant-based global food market with an 11.9% CAGR
  • Notable Investors/Advisors: founder of Vita Coco, former President of KIND
  • VC-backed by Human Ventures, Simple Food Ventures

Problem


Plant-based is going mainstream but where is the whole-food, delicious, and truly sustainable plant protein?

Plant-based eating is growing and going more mainstream. Still, consumers express major concerns around nutrition and more specifically, getting enough and the right type of protein when eating plant-based. This worry is the #1 reason why consumers abandon a plant based diet.

Today people are forced to choose between animal protein, processed plant protein, or imitation meat. All three options have negative trade-offs related to health and the environment. 

It's time for a new generation of protein, that is plant based and minimally processed.

Solution


LUPii: the lupini bean based snack company. A better protein source for you and the planet

Consumers don't have to trade off on taste, nutrition, or sustainability anymore. Meet our hero ingredient and queen, the lupini bean. Lupii is solving the protein problem with Lupini beans, one of the best protein sources on the planet.


Move over soy, peas, and chickpeas - there's a new protein in town!

A sustainable, regenerative crop

Lupini is a rotation crop and nitrogen fixer, benefiting overall soil health and regenerating nutrient deficient soils. In addition, Lupini can adapt easily to different climates and does not require a lot of water to grow. And finally, when it comes to CO2 emissions, beans are superior compared to other proteins.

Product


Lupii is starting by bringing true innovation to the bar category

Lupii is unleashing the power of the small‑but‑mighty Lupini bean and disrupting the bar category with its first snack range, Lupii Bars - the most unique, new vegan protein bars on the block. It is one of the first whole-bean based bars on the market.


Lupii bars are available in 4 distinct flavors, with only 5-6 ingredients – all of which are vegan and gluten-free - and retail for $2.99/bar.

Traction


A strong foundation is setting Lupii up for success in 2021 & beyond

Lupii has made significant progress from conceptualization to launching and progressing in market. This year, Lupii has unlocked distribution through UNFI, a top national distributor, and is in conversation with a few large anchor retail accounts, setting the foundation for rapid retail expansion.

Your investment will enable Lupii to expand and support its retail footprint and continue the momentum found in e-commerce.

The buzz around Lupii is strong. Lupii has been featured in Forbes, Business Insider, Fast Company, Well+Good, Refinery29, amongst other influential health and industry publications. Lupii was also one of the winners of the 2020 Men's Health Snack Awards.

Customers


Thousands of customers love Lupii

Lupii has seen unequivocally positive responses with its customers since launching. With 4.5 star ratings online and 25% customer repeat rates in 2021, Lupii has built a strong customer base of Lupii Groupies.

The Lupii customer base spans from 20-65 years old and skews female. The brand is reaching customers through their website and Amazon across the country. Lupii's broad consumer target, the flexitarian, and various sub-segments are united in their desire to find delicious food that functionally delivers a convenient, unprocessed alternative to soy and meat protein snacks while also being good for the planet.

Business model


An omni-channel business with a strategic roadmap for success

Lupii has seen great traction in the bar category, launching in January 2020 in retail and making a strong pivot to DTC due to the pandemic. Looking forward, Lupii will be ramping up retail penetration – targeting 2-3 anchor accounts in the natural channel, and continuing to unlock independent retail and grow its e-commerce footprint.

With this focused strategy, Lupii is projected to scale the business to over $14M in revenue by 2023.

Market


Plant-based is the new organic

Lupii is tackling a massive market opportunity with a vision to create a cross-category platform for lupini beans. Lupii is addressing the $34B global plant based-food market, which is growing at 11.9% CAGR through 2027.


Plant-based foods are quickly becoming the new organic food trend, with 87% of Americans reporting that they are actively trying to incorporate more plant-based protein into their diet.

Competition


Within the category, Lupii is able to deliver what other bars don't

Lupii's protein quantity is competitive with leading protein bars, without any unnecessary ingredients or protein isolates. Lupii is also unique in offering a bar that provides one-third of the daily fiber recommendation, coming from a whole food and not a fiber additive. 

Vision and strategy


Snacking for a healthy, sustainable future: a platform for lupini beans

Lupii is building a brand that provides people with a clean, whole-food, and sustainable source of protein in all different formats.

The breadth of applicability for lupini beans to span across categories is vast, paving the way for significant incremental growth within the massive plant-based market landscape.

Where we're going - product roadmap

To grow, Lupii will pursue a cross-category strategy, building our brand around owning the lupini bean, similar to what Oatly did with oats and Hippeas or Banza did with chickpeas.

Packaging solutions for a better future

While the food in our packaging is the businesses core focus, what it is sold in is a high-priority for us as well. As a brand on a mission to create products for people and planet, thinking about packaging impact is unavoidable. All of the packaging Lupii uses is recyclable, including the plastic wrappers, which can be recycled in store drop-off points. To go one step further, Lupii is partnering with an organization, CleanHub, to help collect plastic from entering our oceans, offsetting the equivalent of packaging we use yearly for our bars.

Building an "ownable" supply chain

Lupii has strong supply chain connections that we have developed over the last 5+ years; and the lupini supply chain is well-established to be able to scale with the brand. However, Lupii has a vision of developing a local and ownable supply chain through working with local farmers who are looking for new regenerative crops to revitalize their soils . 

Funding


Seeking growth capital to help us further scale our business

Lupii's current investors are a combination of VCs, industry experts, and angel investors. 

With strong backing from our investors and an incredible group of key advisors, Lupii has the key elements to be the next big ingredient-led brand, like Hippeas or Oatly, on the path toward a successful exit: authentic brand and founder story, next-wave ingredient, supply chain advantage, and the unique ability to extend our ingredient platform across categories.

Founders


Mission-driven with the experience to build the healthiest and most sustainable platform for plant protein

Founders, Isabelle and Allie, are set-up for success. Their personal journeys in combination with their professional backgrounds not only make them experts in the field, but also provides them with industry knowledge needed to scale Lupii successfully.

Isabelle Steichen, Co-Founder + CEO moved from Europe to the US in 2013. She worked closely as an early employee in operations, customer service, and business development with founding teams for various early stage, VC-backed startups (Kitchensurfing, Sawyer, Voyage Control) in NYC in the food and tech space. Isabelle has additionally worked as a consultant with IfOnly, Hungryroot, and various other startups. As a long time passionate vegan, certified in plant-based nutrition from e-Cornell, as well as the founder of the Plantiful Podcast, she is now combining her startup background with her desire to spread plant-based eating through Lupii. Isabelle has been studying lupini beans for the last 5+ years and has developed close relationships with suppliers across Europe.

Alexandra Dempster, Co-Founder + CMO has spent most of her career working across the Food & Beverage industry, both agency-side and for Fortune 500 brands. She started her career at Carlsberg Group and most recently, before co-founding Lupii, worked at PepsiCo on the Global Foods team. At PepsiCo, she looked after the ‘Better For You’ global innovation agenda and one of the global BFY brands. Allie is a passionate plant-eater that believes we can change the world through what we put in our bodies. Her desire to help people lead healthier, happier lives has been informed by her own chronic health challenges. With the creation of Lupii, she is combining her passion and professional experience to help make plant-based eating delicious and accessible. Allie is also a certified Holistic Health Coach.

Deal terms


Valuation cap

$6,000,000

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

Discount

20%

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

Minimum investment

$150

The smallest investment amount that LUPii is accepting.
Learn more

Funding goal

$1.07M

LUPii must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
LUPii 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 Allibelle Foods Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
LUPii Crowd SAFE Lupii Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in LUPii.
200 investors
Invest
$150
Receive
  • 1 LUPii Variety Pack (US shipping only)
  • Sold out (0 left of 200)
71 investors
Invest
$250
Receive
  • 1 Variety Pack and 1 Cashew Ginger Pumpkin Seed box (US shipping only)
  • Limited (129 left of 200)
62 investors
Invest
$500
Receive
  • 4 x 1 pack of each flavor - Peanut Butter Cacao Nib - Almond Butter Cinnamon Raisin - Tahini Lemon Cranberry - Cashew Ginger Pumpkin Seed (US shipping only)
  • Limited (88 left of 150)
36 investors
Invest
$1,000
Receive
  • Lupii Tote + 4x1 pack of each flavor. (US shipping only)
  • Limited (64 left of 100)
Invest
$2,200
Receive
  • Same as above + Lupii Beanie
6 investors
Invest
$5,000
Receive
  • All of the above + Lupii Early Access: join a small, exclusive group that samples food and beverages in R&D to offer feedback and influence new products before they launch
  • Limited (19 left of 25)
Invest
$10,000
Receive
  • All of the above + quarterly investor updates
Invest
$25,000
Receive
  • All of the above + 1:1 zoom call with founders
Invest
$50,000
Receive
  • All of the above + private lunch with founders in NYC (health guidance compliant)

Why others invested

See all reviews (0) See all (0)

LUPii brings something new to market. The nutritional composition (high protein and high fibre) ticks the right boxes. It's an easy option for folks looking to make tiny yet positive changes in their life.

Profile picture of Nathan Kinch
Nathan Kinch
Value-add investor
about 4 years ago

- Love the mission and focus on the lupini bean - Experienced founders that understand the product and market - Exciting pipeline - Brand on point - Tried a bar and I liked it :-D

Profile picture of Charles Lu
Charles Lu
Value-add investor
about 4 years ago

I believe in the founders, the product, and the growth of the market.

Profile picture of David Teter
David Teter
Investor
about 4 years ago

About LUPii

Legal Name
Allibelle Foods Inc
Founded
Apr 2019
Form
Delaware Corporation
Employees
2
Website
getlupii.com
Social Media
Headquarters
Google Map location of of LUPii
549 Lorimer Street Apt 2 , Brooklyn, NY
Headquarters
549 Lorimer Street, Apt 2, Brooklyn, NY, United States 11211

LUPii Team
Everyone helping build LUPii, not limited to employees

Profile picture of Isabelle Steichen
Isabelle Steichen
Founder + CEO
Profile picture of Alexandra Dempster
Alexandra Dempster
Founder + CMO
Isabelle Steichen
Founder + CEO
Alexandra Dempster
Founder + CMO

Press

A Tahini Lemon Cranberry Bar Dreams of Whole Foods
Nytimes Nytimes
·
May 14, 2021

With workers at home and stores stingy with shelf space, how is a new protein bar supposed to introduce itself? Even the ...

14 Women-Owned Vegan Food Brands to Support Right Now | V...
VegOut VegOut
·
Mar 7, 2021

Thank you, Queen Bey, girls really do run the world, and for International Women's Day we're rounding up some of our favo...

Here Are the Winners of the 2020 Men's Health Snack Awards
Men's Health Men's Health
·
Oct 22, 2020

NOT SURPRISING: One third of Americans admit that they're snacking more than they were before the pandemic, according to ...

26 Healthy Snacks That'll Keep You Satisfied Throughout T...
Delish Delish
·
Jul 29, 2020

You can eat this superfood by the spoonful or add it to your smoothie bowls, yogurt parfaits, and oatmeal for extra crunch.

Meet LUPii: #WomenInFood Taking Plant-Based to a Whole Ne...
Spoon University Spoon University
·
Jun 14, 2020

When you think of beans, you might think of the varieties you see in your grocery store: black, pinto, kidney, garbanzo, ...

On the plant-protein horizon
Foodbusinessnews Foodbusinessnews
·
Jun 1, 2020

KANSAS CITY - The burgeoning plant-based movement may accelerate in a marketplace radically altered by pandemic, as meat ...

3 Protein-Packed Snacks Made With Legumes (You Read That ...
mindbodygreen mindbodygreen
·
Feb 22, 2020

While nut-based dairy alternatives have allowed vegans and people with a lactose intolerance to continue enjoying ice cre...

17 Must-Watch Food and Beverage Companies in NYC - Foodboro
Foodboro - Navigating the future of food and beverage Foodboro - Navigating the future of food and beverage
·
Feb 18, 2020

It's no wonder New York City is one of the world's top locations for the future of food and beverage. From Madison Avenue...

Are lupini beans set to conquer the plant-based protein m...
Food Dive Food Dive
·
Jan 16, 2020

When Isabelle Steichen moved to the United States from Europe in 2013, people didn't think it was so strange that she was...

We're calling it: Lupini beans are the gut-healthy superf...
Well+Good Well+Good
·
Jan 3, 2020

As a kid with Italian roots, Aaron Gatti and his family used to visit his grandmother in Rome every summer, and he always...

Former PepsiCo exec bets big on lupini beans with new sna...
foodnavigator-usa.com foodnavigator-usa.com
·
Dec 12, 2019

Lupin or lupini beans, which Italians enjoy pickled as a bar snack, are high in protein, high in fiber, and super low in ...

Our Favorite Pantry Essentials | The Quality Edit
Thequalityedit Thequalityedit

Our team is dedicated to finding and telling you more about the web's best products. If you purchase through our links, w...

26 store-bought snacks that aren't bad for you
Msn Msn

Hunger has a habit of sneaking up on us unannounced. But if you always have some nutritious snacks on hand, you can satis...

Try These 5 Plant-Based Treats For A Healthier Snack Time
Forbes Forbes

Plant-based eating has become a key trend. Especially now, during the coronavirus pandemic, there's a growing demand for ...

Beans, Peas And Other Legumes: The Unsung Champions Of Pl...
Forbes Forbes

It's long been said that beans are...magical, so to speak. And there's some credence to that: beans are packed with prote...

Show all
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LUPii

LUPii successfully raised $202,443 from 567 investors on August 7, 2021
Profile picture of David Suaza
Profile picture of Jill Gizzio
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Profile picture of Robert Englund
Profile picture of Marina Tarasova
David, Jill, Erhan, Robert, Marina, and 562 others invested. 81 Reviews
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