Quild #54: Silo
Wholesale food marketplace
This is the Quild daily, highlighting one early-stage startup that has statistically significant signals of becoming a unicorn.
Silo is a cloud-based online platform that enables customers to buy and sell wholesale produce, protein, dairy, and shelf-stable food in minutes. Its platform features automatic inventory, accounting, routing and logistics, and analytics on purchases, sales, customers, vendors, and products. Whether users buy food products, sell food products, or both, Silo provides tools to help them automate their operations and manage more relationships across the supply chain.
Active Founders: Antonio, Ashton (CEO)
Signals:
Repeat founder
Antonio founded C&M Salud, a marketing agency
Ashton was on the founding team of Kite.com
Venture-backed experience
Ashton and Antonio worked at Kite.com (funded by Trinity Ventures)
Top university alumni
Ashton graduated from University of British Columbia and/or National University of Singapore
Fast team growth
Grew 2.3x YoY to 76 employees
Accelerated financing
Founded in 2018, announced seed in 2019, series A in 2020, series B in 2021
Midas list investors
a16z led series A
Initialized Capital led seed
Till tomorrow, Kenn