Plant-based nutrition brand Kencko has raised $10 million in Series A funding, as it looks to enter additional categories.
Kencko’s products – offered through its subscription service – aim to help customers consume their recommended daily portions of fruit and vegetables.
The brand’s portfolio includes smoothie sachets, which contain 2.5 servings of fruit and vegetables in a powdered, freeze-dried form, and which are prepared by adding liquid. The company also offers gumdrops, while its Kenckobowls will launch in February to provide a “quick but nutritious meal” that is prepared by adding hot water to the freeze-dried mix.
Kencko claims that by freeze drying produce soon after harvest, it cuts food waste by up to 30% compared with fresh produce. All of the B Corporation’s packaging is also said to be plant-based and compostable.
The round was led by existing investor Siddhi Capital, and also included participation from Next View Ventures, Riverside Ventures, Silas Capital, Cheyenne Ventures, Nakhla Ventures and Shilling Capital, among others.
The company plans to use the new funds to expand into additional categories, targeting further consumption occasions throughout the day.
© FoodBev Media Ltd 2021
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