# Black Sheep Foods

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/black-sheep-foods

- Industry: Food
- Headquarters: San Francisco, US
- Website: www.blacksheepfoods.com
- Total disclosed funding: $27M
- Latest round: Series A (Oct 14, 2022)
- Investors on record: 8

## About

Based in the US, Black Sheep Foods Inc. operates in the plant-based food sector, focusing on innovative alternatives to traditional meat products, particularly their flagship Plant Lamb offerings.Black Sheep Foods Inc. specializes in creating plant-based meat alternatives. Founded in 2019, the company is headquartered in San Francisco, US. Sunny Kumar, the founder, leads the company, which has successfully raised USD 22.81 mn in its Series A funding round on October 14, 2022. Notable investors include Unovis Asset Management, AgFunder, Bessemer Venture Partners, and KBW Ventures. The company has completed 4 deals to date and has a current valuation of USD 48.86 mn.Black Sheep Foods specializes in innovative plant-based alternatives to traditional meat products, primarily focusing on their flagship offering: Plant Lamb, which includes their newly released Steak Bites. These products deliver a crispy, juicy, and fatty texture that closely mimics the taste experience of traditional lamb while being free from soy and binders. The offerings cater to consumer demand for high-protein, low-carb options that do not compromise on flavor. The company targets both direct consumers and restaurants, promoting a culinary experience that prioritizes taste and affordability, with distribution expanding across the United States.Black Sheep Foods generates revenue through direct sales and partnerships with food service providers, including restaurants and retailers. Revenue streams include bulk orders from restaurants and direct purchases from consumers seeking high-quality plant-based options. Their pricing aligns with market expectations for premium plant-based products, contributing to a robust business model that effectively capitalizes on the growing demand for plant-based culinary innovations.Following their Series A funding of USD 22.81 mn in October 2022, Black Sheep Foods plans to accelerate its product development and expand its sales and marketing teams. The company aims to introduce new plant-based products and expand into additional markets, focusing on regions where demand for plant-based alternatives is increasing. The funding will support product research and development efforts to enhance their offerings and market reach.

## Funding rounds

- Series A, Oct 14, 2022, $23M — Bessemer Venture Partners, AgFunder, Gaingels, KBW Ventures, Unovis Asset Management
- Seed, Aug 23, 2021, $3.5M — Bessemer Venture Partners, Preferred Brands International, Inc., AgFunder, Siddhi Capital, Unovis Asset Management
- Seed, Nov 4, 2019, $0.2M — Big Idea Ventures

## Investors

- Big Idea Ventures (https://capitalatlas.ai/funds/big-idea-ventures) — Seed
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed, Series A
- Preferred Brands International, Inc. — Seed
- AgFunder (https://capitalatlas.ai/funds/agfunder) — Seed, Series A
- Siddhi Capital (https://capitalatlas.ai/funds/siddhi-capital) — Seed
- Unovis Asset Management (https://capitalatlas.ai/funds/unovis-asset-management) — Seed, Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- KBW Ventures (https://capitalatlas.ai/funds/kbw-ventures) — Series A