Outstanding Foods, a Los Angeles, CA-based maker of plant-based snacks, raised $10m in Series A financing.
The round was led by SternAegis Ventures with participation from Kenneth Harris, former Chairman of the Board of Enjoy Life Foods, and Javier Valéz-Bautista, former CEO of Mission Foods and current CEO of El Dorado Foods.
The company intends to use the funds to bolster its research and development team and to expand both its retail presence as well as its direct-to-consumer (“DTC”) marketing efforts.
Co-founded by Bill Glaser and Chef Dave Anderson, Outstanding Foods provides plant-based products such as PigOut® Pigless® Pork Rinds and TakeOut™ Meal-In-A-Bag™ Puffs. Beginning with wholesome 100% plant-based ingredients, packed with protein and other health benefits, each product is free from gluten, soy, GMOs, trans fats, and cholesterol.
The products are currently sold in retailers nationwide including locations at Walmart, Kroger, Whole Foods and southwest 7-11 locations.