8 Myles
Overview
8 Myles is a premium frozen comfort food company that specializes in clean ingredient mac and cheese products. Founded by Myles Powell in 2016, the company aims to revolutionize the frozen food industry with its quality offerings that focus on convenience and flavor. Headquartered in Washington, D.C., 8 Myles has successfully penetrated major retail chains such as Target and Whole Foods, raising over $1 million in funding to support its expansion efforts.
Recent Developments
- May 2023: 8 Myles underwent a significant rebranding initiative, adopting the new name Myles Comfort Foods. This rebranding includes new SKUs and a fresh look for its popular mac and cheese products, establishing itself as a leader in clean, premium frozen foods.
- March 2023: The company announced its plans to increase its retail footprint in over 1,000 locations nationwide, including major outlets like Target and Whole Foods, showcasing its aggressive expansion strategy.
- February 2023: 8 Myles closed a $1.05 million seed funding round. The capital raised is intended to enhance production capabilities and expand the product line, signaling strong investor confidence in the brand's growth trajectory.
- January 2023: The brand celebrated a 150% growth in 2022, attributed to distribution in new retail partner locations, further cementing its position in the competitive frozen food market.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2016 |
| Headquarters | Washington, D.C., USA |
| Founders | Myles Powell |
| Revenue | $350,000 in 2022, projected over $1M in 2023 |
| Profits | Not publicly disclosed |
| Key Investors | Union Kitchen, Virginia Venture Partners |
| Industry | Frozen Foods |
| Number of Employees | Expanding team with recent full-time hires |
Early History
8 Myles began as a small venture out of Myles Powell's kitchen in 2016. With a background in engineering, Powell was inspired by his passion for cooking and family traditions. His mac and cheese recipes, which started as home experiments, quickly garnered positive feedback from family and friends. This encouragement led Powell to join the Union Kitchen Accelerator, a program known for supporting food entrepreneurs. Through this initiative, 8 Myles was able to refine its business model, secure local distributors, and enter the market. The company initially focused on the Washington D.C. area before expanding its reach.
Company Profile and Achievements
8 Myles operates with a business model centered around quality, clean-label comfort foods that prioritize premium taste and convenience. The company's flagship product line features three main flavors of mac and cheese: Homestyle, Barbecue, and Buffalo. Significant achievements include:
- 2016: Establishment of the brand and initial launch of mac and cheese line.
- 2020: Expansion into the Northeastern U.S. with increasing presence in retail stores.
- 2022: Revenue reached $350,000, marking significant growth and establishment in major retail locations.
- 2023: Rebranding to Myles Comfort Foods and raising $1.05 million to enhance operations and introduce new product lines.
- 2023: Expansion into over 1,000 retail locations, showcasing market penetration and brand acceptance.
Current Operations and Market Position
As of 2024, Myles Comfort Foods maintains a robust presence in the frozen food sector, particularly in the premium clean-label niche. The company continues to enhance its market presence through strategic retail partnerships and a focus on innovation within its product lines. It aims to distinguish itself from competitors by emphasizing clean ingredients and superior taste. Its competitive edge lies in catering to health-conscious consumers who demand quality without compromising convenience. With recent funding, Myles Comfort Foods is positioned to further solidify its market position and expand its portfolio.
Conclusion
8 Myles, now operating as Myles Comfort Foods, has made significant strides in transforming the perception and quality of frozen comfort foods. Through strategic expansion, innovative branding, and a commitment to quality, the company has set a high standard in its industry. The successful rebranding and expansion efforts reflect its potential to become a dominant player in the clean-label comfort food market. Looking forward, Myles Comfort Foods aims to continue its trajectory of growth, supported by solid investor backing and a loyal customer base.