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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. ....
Outstanding Foods Closes $10M Series A Financing Round Rapidly Growing Better-For-You Snack Brand Prepares for 2021 Retail Expansion News provided by Share this article TakeOut ™ Puffs, has raised $10 million in a Series A financing led by SternAegis Ventures. With this additional capital, Outstanding Foods will endeavor to expand both its retail footprint as well as its direct-to-consumer ( DTC ) marketing efforts. Outstanding will also use the proceeds of this financing to bolster its research and development team led by cofounder Chef Dave Anderson in order to accelerate the development of new outstanding market-ready plant-based products. Notable strategic investors Kenneth Harris, former Chairman of the Board of Enjoy Life Foods, and Javier Valéz-Bautista, former CEO of Mission Foods and current CEO of El Dorado Foods, both invested in the financing. ....
Celebs like Snoop Dogg have invested in better-for-you munchies brand Outstanding Foods. Outstanding Foods continues to grow its plant-based snack portfolio, thanks to its latest financing round that raised $10 million. The series A round was led by SternAegis Ventures. With this additional capital, Outstanding Foods aims to expand both its retail footprint as well as its direct-to-consumer (DTC) marketing efforts in support of its first product, PigOut Pigless Pork Rinds, and its most recent launch, Addictively Delicious TakeOut Meal-In-A-Bag Puffs. Outstanding products are currently sold in retailers nationwide, including locations at Walmart, The Kroger Co., Whole Foods Market and southwest 7-11 locations. ....