Gathered Foods, Maker of Good Plant-Based Seafood, Raises $ 26.35 Million in B-2 Bridge Funding Round with Louis Dreyfus Company and Others

AUSTIN, Texas, April 7, 2021 / PRNewswire / – Gathered Foods, maker of Good Catch plant-based seafood, today announced that the company has successfully secured a $ 26.35 million in a B-2 bridge financing cycle with investments from Louis Dreyfus Company (LDC), Unovis Asset Management, Big Idea Ventures and others. This strategic funding will enable Gathered Foods to further propel Good Catch plant-based seafood to the forefront of the industry, as well as raise awareness of the growth and popularity trajectory of the seafood industry. plants.

This investment comes after the success of last year’s Series B funding round, in which the company was awarded $ 36.8 million. The funding allowed the brand to continue on the path of expansion and production, leading to the opening of its own state-of-the-art production facility in Heath, Ohio. Gathered Foods will use this new round of funding to accelerate product innovation and significantly increase the number of Good Catch products on the market. The additional support will also help Gathered Foods expand its international retail presence, starting with Europe, with further expansion slated for later in 2021.

“We are delighted to have this significant investment from LDC, a respected leader in agriculture, food and ingredients, to help fuel the growth and expansion of our business,” said Christine mei, CEO of Gathered Foods. “Partnering with proven companies that are full innovators can only enhance our ability to positively disrupt an emerging industry with our innovative portfolio of Good Catch products. As the demand for plant-based seafood continues to increase, we look forward to continuing our collaboration with LDC to create disruptive opportunities. ”

“Gathered Foods combines cutting-edge R&D and manufacturing capabilities, and strong management, to deliver delicious plant-based products to a global market,” said Max Clegg, Head of LDC’s Enterprise Venture Capital Program, LDC Innovations. “We are delighted to partner with the company as it expands the reach of its Good Catch brand and attracts new customers to this growing industry. “

As the herbal market continues to grow, with consumer interest at an all time high, Gathered Foods has a wide impact and innovation opportunity to bring new products to the US market and across the world. The company’s Good Catch products are currently available in the US, UK through a partnership with Tesco, in Canada through partnerships with Loblaws and Sobeys, and in Europe at retailers the Netherlands and Spain. Gathered Foods is also working with key European distributors to bring its Good Catch products to more consumers around the world, through strategic retail and restaurant partnerships.

“This round of investments represents a significant milestone for both Gathered Foods and for the herbal industry as a whole,” said Chris Kerr, co-founder and executive chairman of Gathered Foods. “LDC’s investment in Gathered Foods perfectly complements its plant-based food strategy and creates opportunities for collaboration between the two companies. global footprint and add new elements to our expanding portfolio of offerings. We are very grateful for LDC’s trust and support. ”

The past year has been an incredible success for the innovative plant-based seafood company. In addition to opening its state-of-the-art facility and extensive retail expansion, Gathered Foods announced a distribution partnership with Bumble Bee Foods, which has enabled Good Catch plant-based seafood to d ” be offered to consumers on a larger scale through new distribution channels. Good Catch also launched its line of frozen entrees and entrees, which has garnered a lot of consumer feedback and strong demand from retailers. Additionally, the company announced new celebrity support Woody harrelson, Shailene woodley, Paris Hilton and Bass Lance, which indicated the overwhelming belief in the future of plant-based seafood and helped increase consumer awareness of these products.

About the picked food
Gathered Foods, manufacturer of Good Catch plant-based seafood, is an innovative food company focused on promoting change through plant-based alternatives. United by a love of good food, plant-based nutrition and animal welfare, Gathered Foods is on a mission to raise awareness, reduce damage and conserve environmental resources, while providing a culinary experience. exceptional. The team are dedicated to creating plant-based foods for everyone from vegan to omnivorous and everyone in between. Visit GatheredFoods.com for more information.

About Good Catch
Good Catch is a chef-run brand that develops tasty, plant-based alternatives to seafood. Founded by pioneer chefs Derek and Chad Sarno, Good Catch products deliver the taste, texture and taste experience of seafood without harming the environment. Good Catch products include packets of plant-based tuna and ready-to-eat frozen plant-based fish burgers, plant-based crab cakes and plant-based fish cakes available at retailers around the world. east coast, with wider distribution planned. Stay tuned for more exciting product launches soon! Visit GoodCatchFoods.com and follow @goodcatchfoods on Facebook and Instagram.

About the Louis Dreyfus company (LDC)
LDC is one of the leading traders and processors of agricultural products. The company leverages its global reach and extensive network of assets to serve customers and consumers around the world, delivering the right products to the right place, at the right time – safely, reliably and responsibly. Since 1851, its portfolio has expanded to include grains and oilseeds, coffee, cotton, juices, rice, sugar, freight, and global markets. The company helps feed and clothe some 500 million people each year by producing, processing and transporting around 80 million tonnes of products. For more information visit LDC website and follow the company on Twitter, LinkedIn and WeChat (ID: we_are_ldc).

SOURCE Picked Foods

Related links

www.goodcatchfoods.com


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