Gathered Foods, makers of Good Catch plant-based seafood products, announced the closing of a $32 million series B funding round, which includes two key industry investors: Greenleaf Foods and 301 INC, the venture arm of General Mills.
Led by Stray Dog Capital and Rocana Ventures and including impact investors such as Almanac Investments, CPT Capital, and New Crop Capital, the net proceeds from the investment will be used for expansion in distribution across North America, Europe, and into Asia, the opening of its manufacturing facility, and new product and foodservice channel launches in early 2020.
“Consumer demand of trailblazing plant-based alternatives is nearly insatiable, and this trend is led by taste and availability. This next phase for Good Catch is laser focused on meeting consumer desires with culinary applications across all channels,” said Chris Kerr, CEO and co-founder of Gathered Foods, in a company press release. “This round of investment emphasizes the food industry’s recognition of our strategy, our reception by consumers, and anticipation for more innovation to come.”
Good Catch products have a proprietary six-legume blend (peas, chickpeas, lentils, soy, fava beans, and navy beans), with an added umami flavor from seaweed and algae extracts. Good Catch products are now available in over 4,500 retail outlets across the United States and will be launching in the United Kingdom in the coming weeks.
Nestlé Waters has announced that the entire plastic bottle range for the Swiss mineral water brand Henniez is now made of 75% recycled PET plastic (rPET).
Ardent Mills, a flour-milling and ingredient company, has announced its acquisition of Andean Naturals’ quinoa sourcing, cleaning, and packaging operation in Yuba City, Calif.
Dow has launched its call for entries for the 2020 Packaging Innovation Awards, an annual competition to recognize original thinking that is transforming the packaging landscape through enhanced user experience and improved sustainability.
The Food and Agriculture Organization (FAO) has launched the United Nations’ International Year of Plant Health (IYPH) for 2020, which aims to raise global awareness on how protecting plant health can help end hunger, reduce poverty, protect the environment, and boost economic development.
A study published in the American Journal of Agricultural Economics calculated that American households waste, on average, almost a third of the food they acquire—a value of $240 billion annually or $1,800+ per household/year.