The Company
Thrive provides an innovative nutritional supplement in the form of high-quality ice cream targeted to the institutional healthcare market. Thrive’s proprietary formulation delivers substantial amounts of protein, probiotics, and fiber while maintaining a premium eating experience. This unique combination creates a nutrition delivery platform that increases compliance associated with food consumption in healthcare institutions. Thrive provides patients an enjoyable alternative to inadequate meal replacement offerings like grainy shakes and bars. Institutions that utilize Thrive’s product are able to reduce costs associated with food waste and loss of staff time. Thrive’s products also drive significantly better outcomes in patients and residents.
The Partnership
Topmark was attracted to the rapidly growing business with a proprietary product that is differentiated in an industry facing increasing challenges associated with malnutrition. Thrive’s focus on the healthcare market allows the company to capitalize on the recurring nature of healthcare sales. Topmark has played an active and collaborative role as board member, identifying and recruiting executive team members and an independent board member with deep industry experience in senior care and assisted living. Topmark has played a lead role in driving corporate strategy and structuring and leading negotiations of financing rounds.