US food tech start-up, Tomorrow Farms, has raised $8.5 million in a seed funding round led by Lowercarbon Capital, a climate tech-focused fund.
The round included participation from Maveron, Valor Siren Ventures, Simple Food Ventures and SV Angel.
Founded in 2021, Tomorrow Farms partners with “deep-tech” food companies to build food and beverage brands, and is aiming to reinvent pantry and refrigerator staples “so they’re better for people, kinder to animals and easier on the planet”.
With the capital, the company is looking to grow its team, launch its first product this summer and find new food technology partners to address some of the biggest problems facing the food system.
Lowercarbon Capital’s co-founder, Chris Sacca, said: “To feed 10 billion humans without burning up what’s left of our planet, we need food and drinks that are not just lower carbon, but also tastier, healthier and just plain cooler”.
Tomorrow Farms CEO and co-founder, Ben Berman, added: “We’re on the precipice of a complete paradigm shift in our food system, and that shift is necessary. We are working to bring the future of food to consumers today, partnering with the most innovative food science companies in the world to create products that actually make a difference for people, animals and the planet.”
Tomorrow Farms has raised a total of $10.5 million in funding to date.
© FoodBev Media Ltd 2021
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry.
Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial