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Jesse & Ben’s Raises $10M S...

Jesse & Ben’s Raises $10M Series A Led By Greycroft With Rich Products Corporation Participating
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Jesse & Ben’s Raises $10M Series A Led By Greycroft With Rich Products Corporation Participating

Building Size

Asset Type

Closing

May 6, 2026

AI

Jesse & Ben’s has raised $10 million in a Series A funding round led by Greycroft. This investment follows the company's rapid growth since launching its first products in June 2024, during which it achieved 1,100% growth last year and is projecting 300-400% growth this year. The company has established itself as the top-selling frozen potato brand at multiple retailers, and the funding round also includes contributions from Rich Products Corporation and several individual investors.

Summary of transaction details:

  • Deal Type: Series A
  • Transaction Amount: $10,000,000
  • Company Name: Jesse & Ben’s
  • Founders: Jesse Konig & Ben Johnson
  • Headquarters: Washington, D.C.
  • Notable Investors: Greycroft, Rich Products Corporation, Allison Ellsworth, Stephen Ellsworth, Nicolas Jammet, Jordan Brown, Lauryn Bosstick & Michael Bosstick

Jesse & Ben’s was founded by restaurant operators Jesse Konig and Ben Johnson and has quickly gained traction in the market. The board will now include Eric Ryan as part of the growth strategy. The company's fast ascent in the frozen potato segment indicates a strong consumer preference and market positioning.

Players

Ben Johnson

Seller

$329.5M

vol

7 deals

Seller

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93