PawCo Foods, a plant-based pet foods brand using artificial intelligence (AI) on the product development side, will open a second production facility in the Midwest to scale up operations beyond its current processing plant in California, after receiving a $2 million seed funding round.
The brand will also invest in research and development, new recipes and marketing tactics to drive awareness for plant-based pet foods. PawCo is the first plant-based dog food company to use AI for nutrition optimization and palatability improvement, according to the release announcing the funding round.
PawCo created its GreenMeat base, the first fresh plant-based meat for dogs that is used as the base for all products and recipes. Its portfolio includes InstaBites, LuxBites and GreenBites product lines.
The funding round was led by Elevate Ventures and other angel investors such as Arash Ferdowsi, co-founder of Dropbox.