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Better-for-you frozen food maker Luvo is ready to graduate from startup to an emerging company as it approaches a break-even cash flow and pursues the promise of profitability in the New Year thanks in part to one last infusion of capital from Dugout Ventures announced last week.

“It takes a lot to build a company to this stage in the industry,” but in the last year Luvo has strengthened its gross margins without sacrificing any of the quality that its brand is built on, and now “we are really excited about crossing that threshold from a startup to an emerging company,” CEO Christine Day told FoodNavigator-USA.