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Generation Food Platform Joins in Series A Financing of New Wave Foods
Big Idea Ventures, LLCJanuary 14, 2021 GMT
NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) Big Idea Ventures LLC, the global leader in early stage protein investing, has completed an investment in Stamford, Connecticut-based New Wave Foods®, a plant-based shellfish company. The company is offering a plant-based shrimp ready for restaurants and foodservice operators in 2021.
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This investment was made in partnership with Zandbergen World’s Finest Meat and is part of New Wave Foods’ Series A round of $18 million that was headed by NEA, one of the leading global venture capital firms. This marks the first investment by Big Idea Ventures for its Generation Food platform, a later-stage platform for companies delivering real solutions to plastic pollution, food waste, CO2 emissions and water usage.
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NEW YORK, Jan. 6, 2021 /PRNewswire/ New Wave Foods
® is disrupting the $9 billion dollar shrimp market with the introduction of a plant-based shrimp made of sustainable seaweed and plant proteins. The Company will initially focus on selling its product to restaurants and foodservice locations.
The Company announced today that it has recently completed an $18 million Series A round of financing. Leading the investment round was New Enterprise Associates ( NEA ) along with Evolution VC Partners, as well as other new and existing investors. Tyson Ventures, the venture capital arm of Tyson Foods, Inc., invested in the Company as previously announced in September 2019.
Plant-based shrimp alternative producer raises $18m, including Tyson investment
By
Jan. 6, 2021 16:44 GMT
New Wave Foods, the San Francisco, California-based producer of a plant-based shrimp alternative, has raised $18 million in a Series A round, the online magazine Forbes reports. [.]
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