ColdSnap Partners for Nationwide Expansion Through Foodbuy
Deal News | Aug 18, 2025 | Raptor Capital Management LP
ColdSnap, a Boston-based food tech company, has entered into a national distribution partnership with Foodbuy, North America's largest foodservice procurement organization. This partnership will enable ColdSnap's self-serve frozen treat systems to be distributed across Foodbuy's extensive network of hospitality, healthcare, education, and corporate clients. ColdSnap's rapid-freezing technology allows for single-serving pods of premium liquid ice cream or beverage mixes to transform into frozen treats in just two minutes, without requiring plumbing or cleaning. The collaboration provides Foodbuy's clients with an innovative and efficient solution for on-demand frozen treats, potentially expanding ColdSnap's reach across various high-volume foodservice sectors. Matthew Fonte, President of ColdSnap, expressed excitement about the partnership, highlighting its potential to bring convenience, cleanliness, exceptional taste, and profitability to Foodbuy's clients.
Sectors
- Food Technology
- Foodservice
Geography
- United States – ColdSnap is based in Massachusetts, USA and Foodbuy operates as a subsidiary of Compass Group USA, targeting clients across North America.
- North America – The partnership involves a distribution network that covers the entire North American region, through Foodbuy's extensive market reach.
Industry
- Food Technology – ColdSnap is a technology-driven company innovating in the way frozen treats are made and delivered, hence operating in the food technology sector.
- Foodservice – Foodbuy operates as a major procurement organization in the foodservice industry, making it relevant to this sector.
Financials
- $30 billion – The estimated annual spend managed by Foodbuy, representing the scale and reach of ColdSnap's new distribution partner.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ColdSnap | Technology Company | Company | ColdSnap is a Boston-based privately held company specializing in self-serve frozen treat systems leveraging rapid-freezing technology. |
| Foodbuy | Distribution Partner | Company | Foodbuy is North America's largest foodservice procurement organization and a subsidiary of Compass Group USA. |
| Compass Group USA | Parent Company of Foodbuy | Company | Compass Group USA is a leading provider of contract foodservice and support services. |
| Matthew Fonte | President | Person | Matthew Fonte is the President of ColdSnap, expressing excitement for the partnership with Foodbuy. |
| Raptor Capital Management LP | Private Equity | Company | Raptor Capital Management LP is the private equity firm backing ColdSnap. |