# Leaft Foods

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

- Industry: Food
- Headquarters: Lincoln, New Zealand
- Website: www.leaftfoods.com
- Total disclosed funding: $15M
- Latest round: Series A (Apr 7, 2022)
- Investors on record: 4

## About

Based in Lincoln, New Zealand, and founded in 2019 by Dr. John Penno, and Maury Leyland Penno Leaft Foods Limited, is a producer and distributor of plant-based protein which is used as an ingredient in the manufacturing of various food products. In April 2022, Leaft Foods Limited raised NZD 22 million in series A funding led by new investor Khosla Ventures, with participation from new investor Accident Compensation Corporation and Ngai Tahu Holdings.

Leaft Foods Limited engages in the extraction of rubisco protein from green leaves that primarily serves the food and fiber sector. The firm has developed a food-safe technology that extracts rubisco protein from leaves in the most digestible form for people. This technology of firm enables new ways of food production and minimizes the environmental issues such as 10x carbon footprint per hectare caused by the excess agricultural nitrogen. 

The company intends to use the April 2022 funding to further grow its technical and product development teams as well as its farm system, expand research and development, and enhance manufacturing capacity before its market launch.

## Funding rounds

- Series A, Apr 7, 2022, $15M — Khosla Ventures, Ngai Tahu Holdings, Accident Compensation Corporation, Greenmount Capital

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A
- Ngai Tahu Holdings — Series A
- Accident Compensation Corporation — Series A
- Greenmount Capital (https://capitalatlas.ai/funds/greenmount-capital) — Series A