Plant-based meat company Abbot’s Butcher has raised $7 million in a funding round, as it looks to expand its footprint in both retail and foodservice and develop new products.
Founded in 2017 and based in California, Abbot’s Butcher produces meat alternatives using “simple” ingredients, including pea protein, vegetables, herbs, spices, extra virgin olive oil and vinegars. The company’s offerings are said to be free from soy, canola, gums, natural and artificial flavours, and synthetic chemicals.
Abbot’s Butcher products are available at more than 800 retail and foodservice locations across the US and include plant-based ground beef and chorizo alternatives, as well as ‘chick’n’.
Led by Melitas Ventures, the Series A round was also joined by Owen Wilson and Woody and Laura Harrelson, as well as existing investors Unovis and SOSV.
According to Abbot’s Butcher, the new funds will support retail distribution expansion, new product development and its growth in the foodservice channel.
“Abbot’s Butcher is paving the way for the next generation of plant-based meat alternative products,” said Alex Malamatinas, managing partner at Melitas.
“The company’s products are uniquely positioned as premium plant-based meat alternatives which are attracting strong interest from grocery and foodservice. We are excited to partner with Abbot’s Butcher and founder and CEO, Kerry Song, as the brand scales to a nationwide staple in the US.”
Song added: “We are reframing the conversation around plant-based proteins, where it’s not just about taste and mouthfeel. It’s about quality, and celebrating the power of exceptional ingredients – showing that food can be both healing and satisfying.”
© FoodBev Media Ltd 2021
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