FreshRealm, a US provider of fresh ready meals, has closed a $200 million capital raise, led by an undisclosed institutional investor.
FreshRealm provides fresh ready-to-cook, ready-to-heat and low-prep meal kits for consumers in the US. The company partners with retailers to create Fresh Meals destinations that provide convenient meal solutions.
The capital will be used to accelerate the company’s growth through the expansion of existing facilities, innovation, strengthening FreshRealm’s supply chain, investing in new technologies and bolstering accessibility through retail channels.
Michael Lippold, FreshRealm’s founder and CEO, said: “We’ve built the most sophisticated platform for fresh meals nationwide in partnership with retailers that represent about 10,000 retail locations across the country and over a million DTC consumers, over the last year”.
Lippold continued: “As the retail fresh meals category continues to demonstrate compelling growth, this funding will allow FreshRealm to bolster our existing end-to-end platform that supports elevated private label and branded meal assortments and fresh meals destinations”.
Last year, FreshRealm announced that it was expanding its US operations with the aim of producing more than 100 million meals annually.
© FoodBev Media Ltd 2022
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