Plant-based food brand Wicked Kitchen has secured $14 million in a Series A funding round, as it prepares to launch its product line in the US.
The round was co-led by plant-based foods venture fund Unovis Asset Management and Thailand-based NRF-owned Nove Foods.
Co-founded by American brothers Derek and Chad Sarno, Wicked Kitchen first launched its range of vegan products in 2018 in collaboration with UK retailer Tesco. After experiencing success in the UK, the company aims to bring the Wicked Kitchen product line to the US market amid the growing plant-based movement.
Derek and Chad Sarno are also the co-founders of Gathered Foods, makers of the Good Catch plant-based seafood brand.
“This funding supports the next giant leap in growth and adoption of the Wicked Kitchen product line – a journey that will span the globe,” said Wicked Foods CEO, Pete Speranza.
He added: “As was demonstrated by Tesco, the UK’s largest supermarket chain, the breadth of offerings Wicked Kitchen brings to market allows motivated regional retail partners to commit to multi cross-category adoption. What Wicked brings into the US will be unlike anything else that has come before it in the plant-based space.”
The company’s plant-based offerings include convenient breakfast, lunch and dinner options such as porridge, meal kits, noodle pots, ready meals, meat alternatives, sauces and marinades.
Chris Kerr, founding partner of Unovis, said: “The fastest adoption of plant-based foods is always driven by great culinary experience. Wicked Kitchen has an unparalleled range of exceptional products, a revered brand, and two founding chefs willing to stir the pot. Unovis is here to support this effort from every angle.”
Wicked Kitchen plans to make further announcements in the coming week regarding the brand’s US launch.
© FoodBev Media Ltd 2021
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