Mother Raw, a Toronto, Canada-based line of plant-powered dressings, marinades, dips, condiments and quesos, closed a $6.1M USD Series A financing round.
The round was led by new investor Forage Capital Partners, alongside Export Development Canada (EDC) and with support from existing investor Whitecap Venture Partners.
The company intends to use the funds to accelerate growth across North America, expand its distribution presence, increase R&D efforts for new product innovation, and amplify marketing and sales initiatives.
Led by Mother Raw CEO Kristi Knowles, Mother Raw offers a line of 20 refrigerated dressings, marinades, dips, condiments and quesos. Always non-GMO, plant-powered and sold in 100% recyclable glass containers, products are free of the top common allergens – such as dairy, (nuts) gluten and soy. The brand is now in approximately 3,700+ stores across North America. Sales for Mother Raw have grown 247% from 2019 – 2020 and they have secured over 1,600 new retailers in the U.S. including Meijer, Pavilions, Sprouts, Target, Walmart Canada, Whole Foods and more, even during the pandemic.
FinSMEs
25/11/2020