Clio Snacks Secures $8M Funding Round after Doubling Growth

"People try Clio because of its functional attributes but come back again and again because it tastes so delicious. Clio has disrupted the refrigerated bar and yogurt categories by bringing in new consumers for an indulgent snack or dessert occasion," stated Heather Cox, President at Clio Snacks.

Fremont, CA:Clio Snacks, the fresh snacking brand behind the world's first Greek yogurt bar wrapped in chocolate, secured $8 million funding round led by long-term investment partner Alliance Consumer Growth (ACG). AF Ventures, a leading venture capital fund, also participated in the round. This funding comes as Clio Snacks becomes the fastest turning brand within the refrigerated bar category, combining functionality with indulgence.

"People try Clio because of its functional attributes but come back again and again because it tastes so delicious. Clio has disrupted the refrigerated bar and yogurt categories by bringing in new consumers for an indulgent snack or dessert occasion," stated Heather Cox, President at Clio Snacks.

With this strong value proposition, Clio experienced more than 100 percent growth vs. prior year.  The brand saw +57 percent growth in distribution, which included inking expansion deals with retail partners like Target, Whole Foods, and Wegmans. Additional growth was seen in same-store sales with existing partners, including Costco and Walmart.

"Clio is at the forefront of the healthier snacking movement with its unique and creative snacking options. The brand has found the perfect balance between indulgence and better-for-you consumption, which is evidenced by its impressive growth in terms of distribution and performance on-shelf. We are thrilled to support Clio's continued growth and look forward to seeing the company evolve as a leader in the fresh snacking category," commented Julian Steinberg, Co-Founder and Managing Partner at ACG.

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