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

North Carolina’s No Evil Foods Receives Bridge Financing from New Protein Fund


October 13, 2021
From Vegconomist
338 views


North Carolina’s No Evil Foods Receives Bridge Financing from New Protein Fund – vegconomist – the vegan business magazine


  • October 13, 2021

    1634127774


    Voiced by Amazon Polly

    North Carolina-based has received bridge note financing to expand its growth strategy. The funds will help to bring long-term stability to No Evil Foods, the first Certified Plastic Negative plant-based meat company, as it looks to grow its environmentally sustainable, socially conscious plant-based food footprint.

    Led by early-stage alt protein investor Big Idea Ventures, the bridge note financing has been completed as the brand pivots into a new stage of growth. The company has nationwide distribution in the natural and traditional retail channels, and will now look to expand distribution partnerships, product launches, and manufacturing strategy.

    No Evil Foods
    ©No Evil Foods

    With a focus on maximum nutrition through its utilization of blended proteins, fermentation, and upcycled ingredients, No Evil Foods became the world’s first Plastic Negative Certified plant-based meat brand in 2020 and is available nationwide in retailers like , Sprouts, and Walmart, as well as co-ops and independents.

    “In an increasingly competitive fundraising landscape, we are thrilled to have the support and endorsement of Big Idea Ventures. The team recognizes our clean label innovation and commitment to sustainability as an asset,” says , Chief Creative Officer at No Evil Foods.

    “This round of bridge financing will support the company through a necessary evolution in our business model, ultimately strengthening the long-term stability of the company. We’ve successfully completed the first step of that pivot and we’re looking forward to growing our community of investors and achieving our goals,” added Mike Woliansky, No Evil Foods CEO.




    Source: Vegconomist.com


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