SternAegis Ventures is a returning investor
Outstanding Foods, a plant-based snacks business in California, has secured US$10m in funding from both new and previous investors.
The Series A round was led by existing investor New York-based private-equity firm SternAegis Ventures, which contributed to the $5m Outstanding Foods received last year with participation from L.A. Lakers basketball player JaVale McGee.
The company was founded in 2015 by former Hampton Creek co-founder and Beyond Meat product developer Dave Anderson, who is also a chef, and CEO Bill Glaser initially as PigOut. In 2019, it also got an undisclosed investment amount from Katjesgreenfood, the venture fund of German confectionery group Katjes, followed in April last year by US rapper and celebrity Snoop Dogg.