PBN 2021 Fastest Growing Companies Awards
$250,000 – $5 million: 3. Feast & Fettle Inc.
CEO (or equivalent): Carlos Ventura
2020 Revenue: $2.5 million
2018 Revenue: $414,000
Revenue growth: 501.5%
Federal and State Nursing Home Staffing Mandates
Staffing has always been an ongoing challenge in the long-term care industry. However, since the…
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“COVID was certainly an accelerant for our business,” said Feast & Fettle Inc. CEO Carlos Ventura. “Even after our strongest year in 2020, growth will outperform last year.”
Ventura attributes that growth to customer retention and expansion into Boston, Cape Cod and Martha’s Vineyard.
A $1.2 million equity investment in late 2020 by Paul Salem of Providence Equity Partners enabled Feast & Fettle to expand its commercial kitchen facilities, serve growing customer demand, widen its digital marketing and plan for geographic expansion, including into Connecticut.
Delivering fully prepared meals to nearly 3,000 subscribers, the East Providence-based company reuses its insulated bags and ice packs and is working with the Rhode Island School of Design to develop 3D-printed iterations of reusable stainless-steel packaging.
“We’ve developed a culture where growth is expected and anticipated,” Ventura said. “Our growth rates are crazy – this year, we’ll more than triple our employee base and revenue.”
