# Current Foods

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

- Industry: Food
- Headquarters: San Francisco, US
- Website: www.kuleana.co
- Total disclosed funding: $26M
- Latest round: Seed (Apr 14, 2022)
- Investors on record: 7

## About

Based in the US, Kuleana Inc. specializes in biotechnology, offering sustainable and innovative solutions tailored for environmentally conscious consumers, aiming to enhance their everyday lives through ethical practices.Kuleana Inc., formed in 2019 and headquartered in San Francisco, US, focuses on eco-friendly biotechnology products. The company was founded by Jacek Prus. Kuleana has successfully completed a total of 3 deals, with its most recent funding round, a Seed round, occurring on May 23, 2023. In this round, Kuleana raised USD 23.43 mn from investors including Astanor Ventures, Electric Feel Management, GreatPoint Ventures, Tenacity Venture Capital, and Union Grove Venture Partners, bringing the total amount raised to USD 23.43 mn and its current valuation to USD 48.64 mn.Kuleana offers a range of innovative products designed to address specific consumer needs through sustainable and ethical practices. Their core product offerings focus on eco-friendly solutions that enhance everyday living, targeting environmentally conscious consumers who prioritize sustainability in their purchasing decisions. These products are tailored to diverse use cases, such as reducing waste and promoting responsible consumption. Kuleana serves a varied client base that includes individual consumers, retailers, and businesses across multiple sectors, emphasizing their commitment to environmental stewardship. The company’s products reach markets in North America, Europe, and select regions in Asia, showcasing a global appetite for sustainable alternatives.Kuleana generates revenue through a structured business model that encompasses both direct-to-consumer and business-to-business transactions. The company engages clients through subscriptions and partnerships, allowing for recurring revenue streams and long-term customer relationships. Kuleana's pricing structure is designed to provide value while sustaining their commitment to sustainability, with flagship products positioned at competitive price points reflective of the quality and ethical sourcing involved. This pricing strategy enables Kuleana to attract a broad clientele, including eco-conscious consumers and businesses looking to enhance their sustainability practices. Through this multifaceted approach, Kuleana effectively captures revenue across various market segments, reinforcing their brand's reputation for quality and responsibility.Kuleana plans to leverage its recent Seed funding of USD 23.43 mn to enhance its product development pipeline and expand market reach. The company aims to design and launch new sustainable products focused on consumer needs, with targeted releases expected in the next 12 months. Kuleana is also looking to expand into new geographic regions, specifically targeting markets in Asia and Europe by the end of 2024. The recent acquisition of Current Foods by Wicked Foods, Inc. enhances their food service offerings, aligning with Kuleana’s growth strategy and commitment to sustainability.

## Funding rounds

- Seed, Apr 14, 2022, $23M — GreatPoint Ventures, Union Grove Venture Partners, Astanor Ventures, Electric Feel Management, Tenacity Venture Capital
- Seed, Apr 21, 2021, $3M — Y Combinator, Astanor Ventures, Good Seed Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Astanor Ventures (https://capitalatlas.ai/funds/astanor-ventures) — Seed
- Good Seed Ventures (https://capitalatlas.ai/funds/good-seed-ventures) — Seed
- GreatPoint Ventures (https://capitalatlas.ai/funds/greatpoint-ventures) — Seed
- Union Grove Venture Partners (https://capitalatlas.ai/funds/union-grove-venture-partners) — Seed
- Electric Feel Management (https://capitalatlas.ai/funds/electric-feel-management) — Seed
- Tenacity Venture Capital (https://capitalatlas.ai/funds/tenacity-venture-capital) — Seed