US-based ingredient start-up ReGrained has received $2.5 million in a funding round led by Griffith Foods.
ReGrained has developed a patent-pending technology which transforms food manufacturing byproducts into superfood products, such as the company’s SuperGrain+ snack bars, which were released earlier this year.
SuperGrain+ is predominately sourced from the byproduct of grains uses in the brewing process, according to the company, the SuperGrain+ ingredient is suitable for various commercial applications from savoury to sweet.
Daniel Kurzrock, ReGrained’s CEO said: “Our Purpose is to better align the food we eat with the planet we love. Our Edible Upcycling model changes the way we value food and the resources that support all life.
“We could not ask for a more mission-aligned partner that directly supports our strategic goals than Griffith Foods.
“Griffith shares our authentic commitment to making the world a better place through food.
“Our strategic partnership will dramatically accelerate our ability to mitigate food waste and promote edible upcycling. We look forward to many years of “Creating Better Together.”
Brian Griffith, executive chairman of Griffith Foods added: “The strategic partnership between Griffith Foods and ReGrained offers an opportunity to work together and find new ways to nourish the world.
“The world’s population is estimated to reach almost ten billion by 2050. It is imperative for food companies to create innovative solutions that safely and sustainably feed our growing communities.”
© FoodBev Media Ltd 2018
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