GOOD PLANeT Closes $12MM Series A Funding Round
GOOD PLANeT Foods, known for plant-based cheeses, announced on May 26 that it has raised $12MM in a Series A funding round. The funding round was led by Cleveland Avenue and joined by GreatPoint Ventures, Tasseo Consumer, Stray Dog Capital and Lever VC. The most recent round of funding will support GOOD PLANeT Foods’ continued growth within the industry.
From its inception, GOOD PLANeT Foods has launched a new brand of tasty cheeses and has helped to bring more awareness and accessibility to the plant-based foods category. The brand has successfully expanded its selection of products that are free of common allergens and address many of today’s most prominent dietary restrictions. These non-GMO, vegan, kosher and halal certified products are now available at major retailers nationwide, such as Walmart, Costco, Wegmans, ShopRite, Safeway, Price Chopper, Whole Foods and Bristol Farms.
In announcing the Series A funding, David Israel, Founder and CEO of GOOD PLANeT Foods stated, “Our mission continues to be developing great tasting cheeses that are ‘good for you and good for the planet’. We are gaining significant momentum and will continue to play a significant role in increasing awareness of the plant-based foods category. By partnering with these strategic investors, we’ll be able to move forward more aggressively with additional focus on product development, sales and marketing.”
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“It’s exciting to be able to help fuel a brand’s success,” added Ray Lane, Managing Partner of GreatPoint Ventures. “Based on our experience with consumer trends in other segments of the plant-based category, GOOD PLANeT certainly has the potential to become a leading influential brand. We’re looking forward to encouraging big things from this company.”
To learn more about GOOD PLANeT Foods, visit https://goodplanetfoods.com, and for more information about Cleveland Avenue, visit http://www.clevelandavenue.com.
