Better Brand, a Los Angeles, CA-based food tech startup, closed an additional $2.5m funding round.
The round was led by Alexis Ohanian’s Seven Seven Six with participation from Soma Capital, VERSO Capital, Cruise founder Kyle Vogt, and actor Patrick Schwarzenegger, bringing the total amount raised by the company this year to over $4m.
The company intends to use the funds to further R&D, accelerate hiring, and prepare for large scale retail distribution.
Founded by Aimee Yang, Better Brand is a food tech startup focused on modified enzyme technology, which enabled the creation of its first product, The Better Bagel, which reduced the carbohydrate content from that of a traditional bagel into the carb equivalent of two banana slices, while boasting an impressive 24g of protein.
The company plans to apply its proprietary processes and Grain-Changing Technology™ across various product categories.
FinSMEs
08/10/2021