New Wave Foods Raises $18M in Series A

New Wave Foods has successfully raised $18M in a Series A at a $70M valuation led by New Crop Capital, Ulu Ventures.

Company Overview

New Wave Foods is a FoodTech company headquartered in San Francisco, CA, founded in 2015 with 30+ employees.

Plant-based shrimp products

Fundraising Details

Amount Raised: $18M
Round Type: Series A
Valuation: $70M
Date: 2019-09-18
Investors: New Crop Capital, Ulu Ventures

About New Wave Foods

Plant-based shrimp products The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: San Francisco, CA
Founded: 2015
Team Size: 30+
Industry: FoodTech

What This Means

This funding round demonstrates strong investor confidence in New Wave 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. New Wave Foods's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $70M valuation marks an important milestone for New Wave Foods, positioning the company among notable players in the FoodTech industry.

Looking Ahead

With this new capital, New Wave 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 2019-09-18. For more information about New Wave Foods, visit their headquarters at San Francisco, CA.