Daring Foods Raises $65M in Series B

Daring Foods has successfully raised $65M in a Series B at a $250M valuation led by D1 Capital Partners, Founders Fund.

Company Overview

Daring Foods is a FoodTech company headquartered in Los Angeles, CA, founded in 2018 with 80+ employees.

Plant-based chicken products

Fundraising Details

• Amount Raised: $65M
• Round Type: Series B
• Valuation: $250M
• Date: 2021-10-12
• Investors: D1 Capital Partners, Founders Fund

About Daring Foods

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

Key Information

• Headquarters: Los Angeles, CA
• Founded: 2018
• Team Size: 80+
• Industry: FoodTech

What This Means

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

Valuation Milestone

Reaching a $250M valuation marks an important milestone for Daring Foods, positioning the company among notable players in the FoodTech industry.

Looking Ahead

With this new capital, Daring 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 2021-10-12. For more information about Daring Foods, visit their headquarters at Los Angeles, CA.