Beef brand bulks up with $3.5M capital raise

jeff russell and dusty shifflet

Real estate investor Jeff Russell (left) and ranch manager Dusty Shifflet. (Teton Waters)

Denver-based Teton Waters Ranch recently added $3.5 million in fresh investment to its business selling grass-fed beef sausages and frankfurters.

The company was founded by real estate investor Jeff Russell and rancher Dusty Shifflet when they converted an old potato farm into a cattle ranch in 2012. The company started by selling steaks, but competition drove it to refine its product offerings and land assets.

Teton Waters did not respond to a request for comment.

The company moved its basecamp to Longmont between 2012 and 2013, and began importing cheaper grass-fed beef from Australia and sold portions of the Idaho farm, which is now used to raise a few cattle. Teton Waters ditched its steak line in favor of cheaper products: frankfurters and bratwurst.

The products are available at Sprouts, Natural Grocers, Kroger, and Safeway, according to its website.

At the end of 2015, Teton Waters raised $2.3 million. In May 2016, it announced a $10 million raise and added Boulder-based Sunrise Strategic Partners as a minority investor. Sunrise CEO Steve Hughes also joined the board at Teton Waters.

The firm has offices at 3301 Lawrence St. in Denver.

More Meaty Reading:

Meat distributor launches online sales in push to go national

jeff russell and dusty shifflet

jeff russell and dusty shifflet

Real…

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