New School Foods, a Toronto, Canada-based plant-based seafood producer, raised USD$12M in Seed funding.
Backers included Lever VC, Blue Horizon, Hatch, Good Startup, Alwyn Capital, Joyance Partners, and included grants from multiple agencies, including Protein Industry Canada.
The company intends to use the funds to expand the team of food scientists, scale up its scaffolding technology, and build out a research and production facility.
Led by CEO Christopher Bryson, New School Foods develops plant-based seafood that emulates the same texture, taste, nutritional benefits and cooking experience of conventional seafood. The company’s first product is a plant-based filet that looks, cooks, and tastes, like wild salmon.
New School Foods is also announcing the launch of a chef-only pilot program as they expect to launch their salmon alternative in numerous restaurants across North America in 2023.
FinSMEs
02/02/2023