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 latest research from Mintel shows that after several years of growth, the foodservice industry is expected to decline by up to 30% from 2019 to 2020, following nationwide dine-in bans/restrictions, restaurant closures, job losses, and lowered consumer confidence.
The latest research from Mintel shows that after several years of growth, the foodservice industry is expected to decline by up to 30% from 2019 to 2020, following nationwide dine-in bans/restrictions, restaurant closures, job losses, and lowered consumer confidence.
According to Innova Market Insights’ COVID-19 Consumer Survey (conducted in March 2020), in China, India, and Indonesia, personal concerns center on health, personal income, and the availability of healthcare and products to buy.
According to Innova Market Insights’ COVID-19 Consumer Survey (conducted in March 2020), in China, India, and Indonesia, personal concerns center on health, personal income, and the availability of healthcare and products to buy.
Scientists from the USDA's Agricultural Research Service (ARS) have identified a new way to detect the presence of live African Swine Fever Virus (ASFV) that minimizes the need for samples from live animals and provides easier access to veterinary labs that need to diagnose the virus.
