Alter Eco, Inc., a San Francisco, CA-based maker of ethically sourced foods from around the world, completed a $2m Series A financing.
The round was led by San Francisco-based Good Capital, New York-based Serious Change Fund, and Vancouver, BC-based Renewal2 Investment Fund, and also included participants from Investors’ Circle.
The capital infusion will be used to scale nationwide distribution and marketing of the company’s products including dark chocolate bars, quinoa, rice, sugar and olive oil.
Alter Eco products are sourced from artisan farmers around the world. The company works closely with its small-scale farming partners, such as the ANAPQUI quinoa cooperative in Bolivia. In addition, Alter Eco develops reforestation projects in partnership with PurePlanet.org, providing carbon credits to offset its entire supply chain while generating extra revenues for local farming communities.
In conjunction with the financing, Ben Cohen, co-founder of Ben &Jerry’s, will join the company’s board of directors.