The St. Louis organization Arch Grants has awarded $1.9 million in grants to its 2021 cohort, comprised of 35 new startups and early-stage businesses. Each winner receives $50,000 and must run the company from St. Louis for a year. At least three of the recipients are connected to Olin:
Halo + Cleaver, a St. Louis/Denver company, makes low-sugar sauces using naturally sweet ingredients like apples, pineapples and bananas instead of sugar or corn syrup. Co-owners Rob Garwitz, MBA ’18, and Matt Richard, PMBA ’19, recently relaunched the company’s three signature sauces with new recipes and branding. All are available at the company’s website, Amazon and grocery stores Fresh Thyme and Schnucks.
“The $50,000 is vital to fueling our early growth,” Garwitz said. The startup plans to hire a part-time marketing director and to launch a new line of low-sugar sauces in early 2022.
“While the money is great, we believe joining the Arch Grants network will have an even greater impact on our business as it connects us to some of the brightest minds in St. Louis and beyond,” Garwitz said.
Honeymoon Chocolates. Cam Loyet, PMBA ’21, co-founded the St. Louis-based company with his now wife, Dr. Haley Loyet. The company makes organic bean-to-bar chocolate sweetened with raw honey. “This was the sixth time I applied,” Loyet said. “If you want something enough, keep trying!”
The Loyets plan to use the money to aid in production output and to help with sales outreach to stores including Whole Foods, Erewhon and Schnucks.
“The support from the network and the Arch Grants team is also going to be an incredible help,” he said. “We are fortunate enough to be able to share our business with like-minded individuals in our cohort. To be able to share our progress and pitfalls with those who are also experiencing them in real-time could potentially afford us with the most upside from the Arch Grants program.”
Total Orbit, based in St. Louis, has created an education and training platform that hospitals use to make patients’ healthcare journeys more understandable. “We are on a mission to end the scourge of the ‘data dump’ once and for all,” according to Total Orbit’s website. Michael Margraf, BBA ’87, is a co-founder and CEO.
He said Total Orbit plans to use the Arch Grants funding to expand marketing for its Care Orbit product line and for additional technical development.
On November 17, Arch Grants will host the 2021 Arch Grants Virtual Gala to welcome the 2021 cohort.
Each year, Arch Grants welcomes innovative, scalable and job-creating startups from around the world to participate in the nonprofit’s annual Startup Competition for a chance to be awarded $50,000 in non-dilutive grants and $10,000 for relocation if they are located outside of Missouri and at least 150 miles from St. Louis. (Non-dilutive funding means the companies get the money without giving up any equity.)
Read more about this year’s Arch Grants awards.
Pictured at top are Cam and Haley Loyet. Photo courtesy of Honeymoon Chocolates.