Plant-based protein manufacturer, Tmrw Foods, has raised CAD 2m during its latest financing round.
The capital will support the company’s rapid growth across North America. The company will launch eight products with Sprouts Farmers Market in August this year, increasing its distribution in the US.
Investors included the Telus Pollinator Fund for Good, Philip Donne (former CEO of Kellogg’s Canada) and further investment from existing stakeholders.
Dean Blignaut, co-founder and CEO of Tmrw, said: “We feel tremendously fortunate to be able to surround ourselves with values aligned, impact driven investors that fuel our ability to execute on our mission”.
He continued: “Tmrw believes the key to plant-based success is to relentlessly pursue the creation of plant proteins that are more flavourful, more nutritious and more accessible than those in existence today. Everything we do is with that goal in mind. It’s only through meeting the fundamental needs and expectations of the masses that we will create a solution that leads to a more sustainable food system.”
© FoodBev Media Ltd 2023
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