Nutriati, a Virginia-based developer and manufacturer of plant-based ingredients, including protein, flour, and oil, has completed a $12.7 million series C funding round led by Manna Tree Partners, a Colorado-based asset manager that invests growth capital in companies that produce, process, and distribute healthy food.
Manna Tree was joined by Open Prairie, an existing investor in Nutriati, through its Open Prairie Rural Opportunities Fund, a growth-stage private equity fund licensed by the U.S. Department of Agriculture as a Rural Business Investment Company and dedicated to providing capital to agribusiness companies throughout rural America.
“Manna Tree’s investment, alongside the recent funding from Open Prairie, will accelerate our growth, enable us to develop more innovative ingredients, increase production, and reach new customers,” said Michael Todd, CEO of Nutriati. “Brent and the Manna Tree team share our commitment to improving the quality of the food supply with healthier, better tasting options for consumers. In addition to capital, our strong investor base brings expertise and a deep network that will fuel our responsible growth.”
The U.S. Food and Drug Administration (FDA) is announcing changes to its export listing procedures for dairy and infant formula firms seeking to export their products to China.
The FDA is announcing $1.5 million of continued funding, in the form of cooperative agreements, to the University of Arkansas Indigenous Food and Agriculture Initiative and the National Farmers Union to enhance food safety under the FDA Food Safety Modernization Act (FSMA).
The U.S. FDA has announced in a letter of enforcement discretion that it does not intend to object to the use of certain qualified health claims regarding consuming certain cranberry products and a reduced risk of recurrent urinary tract infection in healthy women.
According to a group of research, policy, and government experts, the United States needs to strengthen and increase funding for federal nutrition research and improve cross-governmental coordination in order to accelerate discoveries, grow the economy, and—most importantly—improve public health, food/nutrition security, and population resilience.
New analysis by the United Nation’s Food and Agriculture Organization (FAO) and World Food Program (WFP) identifies 27 countries that are on the frontline of impending COVID-19-driven food crises, as the pandemic’s knock-on effects aggravate pre-existing drivers of hunger.
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