ReGrained closes $2.5 million financing round led by Griffith Foods
ReGrained, an ingredient and packaged goods innovator that leverages patented technology to transform food manufacturing byproduct into food ingredients and CPG items, has closed out its $2.5 million Series Seed financing.
ReGrained, an ingredient and packaged goods innovator that leverages patented technology to transform food manufacturing byproduct into food ingredients and CPG items, has closed out its $2.5 million Series Seed financing. Griffith Foods, a privately held global product development company, led the round with additional participation from Barilla Group’s BLU1877, Telluric Foods, and many other strategic and crowdsourced investors.
The investment will help the company scale their proprietary processing technology and commercialize their ingredient business. Setting the stage for global expansion, the world’s first “ReGrainery” based in the San Francisco Bay Area rescues and upcycles millions of tons of high-protein, high-fiber grain generated by the brewing industry into ReGrained’s SuperGrain+ ingredient.
The financing builds on a landmark year of for ReGrained, which saw the launch of its first consumer product line, SuperGrain+ bars, the introduction of first-to-market compostable packaging, partnerships with multinational food companies, and entry in thousands of new retail locations.
“The strategic partnership between Griffith Foods and ReGrained offers an opportunity to work together and find new ways to nourish the world,” said Brian Griffith, executive chairman of Griffith Foods. “The world’s population is estimated to reach almost 10 billion by 2050. It is imperative for food companies to create innovative solutions that safely and sustainably feed our growing communities.”