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Good Catch was founded by brothers, Chad and Derek Sarno. The founders were the masterminds behind the company's proprietary six-legume blend (peas, chickpeas, lentils, soy, fava beans, and navy beans), utilized as the base of these inaugural Good Catch products.
FREMONT, CA: Gathered Foods owned Good Catch raised USD 32 million in an oversubscribed Series B funding round led by Stray Dog Capital and Rocana Ventures, with participation from Almanac Investments, CPT Capital, and New Crop Capital. The funding round also saw participation from two key strategic industry investors Greenleaf Foods and 301 INC, the venture arm of General Mills. The new capital will be used towards significant expansion in distribution across North America, Europe, and into Asia, the opening of its state-of-the-art manufacturing facility, and new product and foodservice channel launch in early 2020.
The plant-based seafood company is valued at USD 4.5 billion and has grown five times faster than the total U.S. retail food sales over the last year. "Consumer demand of trailblazing plant-based alternatives is nearly insatiable, and this trend is led by taste and availability. This next phase for Good Catch is laser-focused on meeting consumer desires with culinary applications across all channels," said Chris Kerr, CEO, and Co-Founder of Gathered Foods. "This round of investment emphasizes the food industry's recognition of our strategy, our reception by consumers, and anticipation for more innovation to come."
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Good Catch was founded by brothers, Chad and Derek Sarno. The founders were the masterminds behind the company's proprietary six-legume blend (peas, chickpeas, lentils, soy, fava beans, and navy beans), utilized as the base of these inaugural Good Catch products. Also, the superior umami flavor from seaweed and algae extracts adds a real seafood flavor. The Good Catch food lineup is free of dairy, GMOs, mercury, toxins, microplastics, and microfibers, making it safe and enjoyable for even people with shellfish allergies.
"When we met the Good Catch team, we were immediately captivated with their mission to develop more sustainable plant-based seafood products that taste as delicious as traditional seafood," said John Haugen, Managing Director of 301 INC. "Good Catch stands out as a strong, expandable brand with passionate leadership, and we're excited to partner to grow."
The company's products exhibit the same texture, flavor, and nutritional value of traditional seafood without harming the environment. "Good Catch is pioneering a new, promising sector of the fast-growing plant-based protein category and we're thrilled to support their continued growth and progress as they deliver consumers great-tasting plant-based seafood products that support their brand mission and ours, as well," said Dan Curtin, President, and CEO of Greenleaf Foods, SPC.
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