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Prime Roots Raises $30M In Series B Funding To Roll Out The First-Of-Its-Kind Plant-Based Deli Meats Nationwide

May 15, 2023about 2 years ago

Amount Raised

$30 Million

Round Type

series b

BerkeleyFood ProcessingHospitalityFood And Beverage

Investors

Hyphen CapitalThe House FundMeach Cove CapitalGaingelsAlumni VenturesMonde NissinSolasta VenturesSosv/Indie BioDiamond Edge VenturesTop Tier CapitalProsus VenturesPangaea VenturesTrue Ventures

Description

Prime Roots, the leading innovator of deli-style meats made from koji mycelium, today announced $30 million in Series B funding from True Ventures, Pangaea Ventures, Prosus Ventures, Top Tier Capital, Diamond Edge Ventures, SOSV/IndieBio, Solasta Ventures, Monde Nissin, Alumni Ventures, Gaingels, Meach Cove Capital, The House Fund, and Hyphen Capital bringing their total funding to approximately $50 million. The fresh funding will enable Prime Roots to scale and expand to deli counters and restaurants nationwide.

Company Information

Company

Prime Roots

Location

846 ANTHONY STREET

Berkeley, California, United States

About

Prime Roots is celebrating the culture of meat by reimagining protein itself. Join our team & build a better food system from and for the planet.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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