Sophie's Kitchen Raises $20M in Series B

Sophie's Kitchen has successfully raised $20M in a Series B at a $80M valuation led by Unovis Asset Management.

Company Overview

Sophie's Kitchen is a FoodTech company headquartered in San Leandro, CA, founded in 2010 with 80+ employees.

Plant-based seafood alternatives

Fundraising Details

Amount Raised: $20M
Round Type: Series B
Valuation: $80M
Date: 2018-06-12
Investors: Unovis Asset Management

About Sophie's Kitchen

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

Key Information

Headquarters: San Leandro, CA
Founded: 2010
Team Size: 80+
Industry: FoodTech

What This Means

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

Valuation Milestone

Reaching a $80M valuation marks an important milestone for Sophie's Kitchen, positioning the company among notable players in the FoodTech industry.

Looking Ahead

With this new capital, Sophie's Kitchen 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 2018-06-12. For more information about Sophie's Kitchen, visit their headquarters at San Leandro, CA.