SUNT realizes growth financing
February 20, 2020
Yuno Advisors advised SUNT in the realization of growth funding to be able to take even bigger steps with the sale of sustainable ready-made banana bread. Innovation fund Tekkoo has joined the shareholder base of SUNT so that further steps can be taken in its circular mission.
SUNT (www.suntfood.com) was founded by Laura Hoogland in 2018 and develops and sells banana bread to the retail and food service channel. The products of SUNT are made from bananas that are otherwise thrown away, contain no added sugars and are also gluten and lactose free. With the arrival of Tekkoo, further work can be done on reducing food waste as around 75 billion bananas (out of a total of 150 billion bananas grown annually) unnecessarily end-up in the trash.
Yuno Advisors has assisted the SUNT shareholders in the structuring of the transaction and coordination of the transaction documentation as well as acting as a sparring partner throughout the entire financing process.