Ocean Hugger Foods Raises $23.5M in Series B
Ocean Hugger Foods has successfully raised $23.5M in a Series B at a $90M valuation led by New Crop Capital, Clear Current Capital.
Company Overview
Ocean Hugger Foods is a FoodTech company headquartered in New York, NY, founded in 2016 with 40+ employees.
Plant-based seafood alternatives
Fundraising Details
- Amount Raised: $23.5M
- Round Type: Series B
- Valuation: $90M
- Date: 2019-04-16
- Investors: New Crop Capital, Clear Current Capital
About Ocean Hugger Foods
Plant-based seafood alternatives The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: New York, NY
- Founded: 2016
- Team Size: 40+
- Industry: FoodTech
What This Means
This funding round demonstrates strong investor confidence in Ocean Hugger 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. Ocean Hugger Foods's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $90M valuation marks an important milestone for Ocean Hugger Foods, positioning the company among notable players in the FoodTech industry.
Looking Ahead
With this new capital, Ocean Hugger 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.
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This fundraising news was reported on 2019-04-16. For more information about Ocean Hugger Foods, visit their headquarters at New York, NY.
