JPalmer Collective closed a line of credit of up to $1 million for Cook San Francisco, which does business as Nona Lim, a woman-owned producer of noodles, broths and stir-fry kits based in San Francisco. This is the first deal announced from JPalmer Collective since its initial launch on International Women’s Day in March. The company is committed to having more than half of its portfolio be made up of women-led companies.
Nona Lim launched her eponymous brand in 2014 with a mission of bringing authentic, restaurant- quality Asian foods made with fresh, clean and local wholesome ingredients to U.S consumers. After making fresh ramen available in mainstream retail grocery stores for home cooks, Nona Lim is now available across the United States. The company will use the line of credit from JPalmer Collective to fund products and continued growth and distribution into new retail grocery stores and categories.
“We needed funding to expand the occasions where soups and broths can be enjoyed, and we immediately looked to JPalmer,” Lim, founder of Nona Lim, said. “Jennifer [Palmer] and her team have not only been incredible partners, supporting me and the company with excellent service, they also align with our mission and core values around food and women leadership. We’re looking forward to building on our long and successful partnership to fuel sustainable growth for our company.”
“Our team is committed to making financing female-inclusive by supporting innovative entrepreneurs. It’s particularly meaningful to me that the first deal we are announcing at JPalmer is with Nona Lim, an extraordinary leader, AAPI-owned company and previous client,” Palmer, CEO and founder of JPalmer Collective, said. “Growing up, my mom’s job led me to travel to Asia many times during my childhood, and Asian street food has been one of my favorite cuisines ever since. Nona pioneered the fresh Asian food category by introducing a broad range of Asian comfort foods that are delicious, convenient and better-for-you due to clean label ingredients. We couldn’t be more excited to continue working with this award-winning brand and to see the positive impact they’ll have on the health of people and the planet for many more years to come.”