The news from 50 vegan websites are automatically posted here
News feed updated every 5 minutes

$2.5M Pre-Series A Round Signals “Strategic Gateway” to Europe For Grounded’s Upcycled Cauliflower Hemp Cheese


October 14, 2021
From Vegconomist
43 views


$2.5M Pre-Series A Round Signals “Strategic Gateway” to Europe For Grounded’s Upcycled Cauliflower Hemp Cheese – vegconomist – the vegan business magazine


  • October 14, 2021

    1634212521


    Voiced by Amazon Polly

    , which makes innovative plant-based cheeses from upcycled cauliflower and hemp, has raised $2.5 million in a pre-Series A round.

    The company uses fermentation to harness the proteins and fats in hemp, achieving a taste and texture that recreates dairy cheese without the need for artificial additives. Grounded says this approach gives it an advantage over conventional vegan cheese brands, which typically use either coconut oil or nuts and often struggle to live up to consumer expectations.

    Speaking to vegconomist regarding new fund round, Co-founder said: “From day one, our goal has been to create products that taste incredible — and genuinely appeal to non-vegan consumers who aren’t willing to compromise. In order to achieve that, we looked at how vegan cheese is currently made — then threw away the rulebook and started again from scratch. New ingredients, new process, and a focus on flavor and texture first.”

    ©Grounded Foods

    Grounded’s cheese was a success from the beginning — an investor offered co-founders Veronica Fil and her husband Shaun Quade $2 million for the business . When pre-sales were launched in April of last year, the cheese , before finally in March of this year. Two months later, it such as Whole Foods Market, Bristol Farms, and Harmon’s.

    Participants in this recent round included Big Idea Ventures and Stray Dog Capital, as well as Route 66 Ventures, Nucleus Capital, Kale United, and Presight Capital. The funding will be used to help the company expand further across the US, and will also provide a “strategic gateway” towards expansion into Europe.

    Cauliflower Camambert Grounded
    ©Grounded Foods

    “Grounded addresses an immediate need in the market for high quality, nutritious, and sustainable dairy cheese alternatives—and due to the scalability of their process, we see enormous potential for the company to expand not only in the U.S. market but internationally,” said Fabian Hansen, Founding Partner of Presight Capital.




    Source: Vegconomist.com


    FOLLOW US
    ON TWITTER
    FOLLOW US
    ON MASTODON
    FOLLOW US
    ON TUMBLR