# Hodo Foods

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

- Industry: Food
- Headquarters: Oakland, US
- Website: www.hodofoods.com
- Latest round: Series B (Feb 19, 2020)
- Investors on record: 2

## About

Hodo Foods is a plant-based food company that specializes in high-quality tofu products designed to meet the dietary needs of various consumers, including meat eaters and health-conscious individuals.Founded in 2006 by Minh Tsai, Hodo Foods operates from Oakland, US, focusing on plant-based food innovation. The company has successfully pivoted towards a broader range of tofu products and has secured funding in multiple rounds, including a Series B round in February 2020. Minh Tsai has a background in food entrepreneurship, having founded this company to improve the accessibility of nutritious plant-based alternatives.Hodo, Inc. specializes in a diverse range of plant-based food products, with a core focus on various tofu offerings that cater to a wide audience, including meat eaters, vegans, and those seeking healthier dietary options. Their product lineup includes items such as Thai Red Curry Tofu, Teriyaki Saucy Tofu, and several flavors of lightly fried tofu, among others. These products are designed to address the growing consumer demand for nutritious and delicious plant-based alternatives, serving end-users who prioritize both flavor and health benefits in their meals. Hodo’s products are distributed across various geographical markets, including major metropolitan areas in the United States, where they are available in grocery stores, specialty health food retailers, and direct-to-consumer channels. The company emphasizes quality and innovation in its offerings, which are made with a commitment to taste and nutrition.Hodo, Inc. generates revenue through a combination of direct-to-consumer sales and partnerships with retailers and wholesalers. The transaction structure is characterized by straightforward purchasing processes, where retailers acquire Hodo's products at wholesale prices to distribute in their stores, while consumers can purchase directly through the company’s online platform. The company’s offerings, such as the flagship Chili Crisp Tofu and other signature tofu products, are priced competitively within the plant-based food sector, appealing to a broad customer base. Revenue streams are bolstered by exclusive deals and promotions aimed at engaging both health-conscious consumers and culinary enthusiasts alike. Hodo's strategic focus on expanding its product range and distribution channels further enhances its market presence and revenue potential.In February 2020, Hodo Foods raised an undisclosed amount of Series B funding led by Renewal Funds. This latest funding will be utilized to support the launch of new products designed to cater to evolving consumer preferences. Hodo Foods plans to expand its distribution into new markets, particularly targeting regions in the eastern United States by the end of 2023. These initiatives aim to enhance Hodo's market presence and respond to the growing demand for plant-based food options.

## Funding rounds

- Series B, Feb 19, 2020 — Renewal Funds
- Seed, Dec 29, 2008 — LaunchCapital

## Investors

- LaunchCapital (https://capitalatlas.ai/funds/launchcapital) — Seed
- Renewal Funds (https://capitalatlas.ai/funds/renewal-funds) — Series B