Devotion Foods
Latest round
- Series A
Last raised
- Sep 2020
Total raised
- $2.6M
Investors
- 1
About Devotion Foods
Founded in 2018 in Seoul, South Korea, Devotion Foods focuses on developing innovative plant-based food products.Devotion Foods specializes in plant-based gourmet products, focusing on alternative meat options designed to provide healthy and sustainable dietary choices. The company’s primary offerings include plant-based garlic tomato meatballs and Korean galbi steak, both crafted to mimic the texture and flavor of traditional meat products while ensuring they are zero cholesterol and trans fat. These products cater to a diverse clientele, including vegan consumers, health-conscious individuals, and those looking to reduce their meat intake for environmental reasons. Devotion Foods aims to address the growing demand for sustainable food options that do not compromise on taste or quality.Devotion Foods generates revenue through direct sales of its plant-based products to consumers, as well as partnerships with retailers who offer these products in their stores. The company’s sales model is primarily B2C, allowing customers to purchase items directly through the Devotion Foods website, making it easily accessible. Specific pricing structures for the products are established to enhance market penetration while ensuring competitive positioning within the plant-based food sector. For instance, the plant-based garlic tomato meatballs and galbi steak are marketed as premium offerings, appealing to consumers willing to invest in high-quality alternatives.Devotion Foods plans to launch new innovative plant-based products in the upcoming year, continuing to expand its offerings. The company is targeting international markets for expansion, with specific plans to enter additional regions by the end of 2022.
Who invested in Devotion Foods
1 investor across 1 round
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Funding rounds
Series A
Sep 21, 2020
Amount
$2.6M
Investors
Questions about Devotion Foods
Who invested in Devotion Foods?
Devotion Foods has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Devotion Foods raised?
Devotion Foods has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Devotion Foods last raise money?
Devotion Foods's most recent round on record is a Series A, in Sep 2020.
What does Devotion Foods do?
Founded in 2018 in Seoul, South Korea, Devotion Foods focuses on developing innovative plant-based food products.
Where is Devotion Foods headquartered?
Devotion Foods is headquartered in Seoul, South Korea.
Which VCs invest in companies like Devotion Foods?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back food companies at Devotion Foods's stage. Their profiles are linked below.
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