SCiFi Foods Raises $22M in Series A

SCiFi Foods has successfully raised $22M in a Series A at a $80M valuation led by Imagination Capital, Babel Ventures.

Company Overview

SCiFi Foods is a FoodTech company headquartered in San Leandro, CA, founded in 2019 with 30+ employees.

Cultivated beef products

Fundraising Details

Amount Raised: $22M
Round Type: Series A
Valuation: $80M
Date: 2021-11-17
Investors: Imagination Capital, Babel Ventures

About SCiFi Foods

Cultivated beef products The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: San Leandro, CA
Founded: 2019
Team Size: 30+
Industry: FoodTech

What This Means

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

Valuation Milestone

Reaching a $80M valuation marks an important milestone for SCiFi Foods, positioning the company among notable players in the FoodTech industry.

Looking Ahead

With this new capital, SCiFi 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 2021-11-17. For more information about SCiFi Foods, visit their headquarters at San Leandro, CA.