Gathered Foods Secures Additional Funding For Plant-Based Seafood
Gathered Foods, which secured $32 million in funding last year from General Mills' 301 Inc. venture-capital fund, announced it recently secured another $26.35 million in funding. Those investing in the B-2 bridge funding round include Louis Dreyfus Company, Unovis Asset Management, and Big Idea Ventures.
Last year's investments helped the company to open a plant-based production facility in Heath, Ohio., while this newest round will allow the Texas-based firm to hone in on product development. Extending Gathered Foods' international imprint is also planned for late 2021.
"We are excited to have this important investment by LDC, a well-respected leader in the agricultural, food and ingredients space, to help fuel growth and expansion of our Company," said Christine Mei, CEO of Gathered Foods.
Mei came on board in July 2020, replacing Chris Kerr, Gathered Foods’ co-founder, who remained on as executive chairman.