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

A Denver-based company has added fresh investment to its business selling grass-fed beef sausages and frankfurters.

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