Gathered Foods Raises $26.35M In B-2 Bridge Funding Round

Gathered Foods

Gathered Foods, an Austin, Texas-based maker of plant-based seafood, secured $26.35m in a B-2 bridge funding.

Backers included Louis Dreyfus Company (LDC), Unovis Asset Management, Big Idea Ventures, and others.

The company intends to use the funds to ramp up product innovation and increase the number of products on the market, to extend its international retail footprint, beginning in Europe, with further expansion planned for later in 2021.

Led by Christine Mei, CEO, and Chris Kerr, Co-Founder and Executive Chairman, Gathered Foods is the maker of Good Catch plant-based seafood including single-serve, ready-to-eat pouches of Plant-Based Tuna and frozen Plant-Based Fish Burgers, Plant-Based Crab Cakes and Plant-Based Fish Cakes.

The products are currently available across the U.S., in the U.K. through a partnership with Tesco, in Canada through partnerships with Loblaws and Sobeys, and in Europe throughout retailers in the Netherlands and Spain. The company is also working with key European distributors to bring its Good Catch products to more consumers globally, through strategic retail and foodservice partnerships.