Finless Foods Raises $34.5M in Series B
Finless Foods has successfully raised $34.5M in a Series B at a $120M valuation led by Cargill, Draper Associates.
Company Overview
Finless Foods is a FoodTech company headquartered in Emeryville, CA, founded in 2017 with 30+ employees.
Cell-based seafood products
Fundraising Details
- Amount Raised: $34.5M
- Round Type: Series B
- Valuation: $120M
- Date: 2021-06-09
- Investors: Cargill, Draper Associates
About Finless Foods
Cell-based seafood products The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Emeryville, CA
- Founded: 2017
- Team Size: 30+
- Industry: FoodTech
What This Means
This funding round demonstrates strong investor confidence in Finless Foods's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FoodTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Finless Foods's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $120M valuation marks an important milestone for Finless Foods, positioning the company among notable players in the FoodTech industry.
Looking Ahead
With this new capital, Finless Foods is well-positioned to execute on its growth strategy and continue building innovative solutions in the FoodTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
---
This fundraising news was reported on 2021-06-09. For more information about Finless Foods, visit their headquarters at Emeryville, CA.
