Investing in the Future of Food: Loft Growth Partners seeks solutions-oriented startups led by ‘pathological optimists’ With a new name and a new fund, Loft Growth Partners – formerly known as 2x Consumer Products Growth Partners for the past 20 years – is looking to invest $60m in six or seven emerging brands that solve complex problems, are led by ‘pathological optimists’ and have strong margins and solid traction.
After recently closing its third fund with investments from dozens of founders and executives from leading food and beverage companies, including Stonyfield Farms founder Gary Hirshberg, Stacy’s Pita Chips founder Stacy Madison and Honest Tea founder Seth Goldman, the firm is actively investing in a companies with $2m to $25m in revenue who are looking for $2m to $10m in capital over time.
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MONTPELIER, Vt., May 3, 2021 /PRNewswire/
Wildgood, a plant-based ice cream and the first non-dairy frozen dessert made with extra virgin olive oil, can now be delivered directly to consumers doors. Starting today, the brand is offering nationwide shipping (with the exception of AK and HI) for orders placed on Wildgood.com. This expansion comes on the heels of a successful grocery store roll-out in select stores across the Northeast and Mid-Atlantic region earlier this spring.
Wildgood 100% plant-based ice cream made with extra virgin olive oil launches nationally. (photo credit: Mark Weinberg)
Wildgood 100% plant-based ice cream made with extra virgin olive oil launches nationally. (photo credit: Mark Weinberg)
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Dive Brief:
Atlast Food Co., which makes alternatives to bacon out of mushroom mycelium through its MyEats brand, raised $40 million to develop and supply whole-cut meat alternatives to partners worldwide through development and scaling its technology. Atlast President Stephen Lomnes said the company is currently building the nation s largest mycelium production facility.
Viking Global Investors led the funding round. It was joined by 40 North, AiiM Partners, Senator Investment Group, Stray Dog Capital and the Footprint Coalition. Leaders and founders from different food and CPG companies, including Applegate, Stonyfield and Whole Foods, also participated.
Atlast is one of a handful of companies that use mushroom mycelium the fungus long roots to make whole cut meat alternatives instead of the ground varieties made by most plant-based meat companies. The company s MyBacon has been on the market in the area near its Albany, New York, home since last November, and Atlast said