# Nobell Foods

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

- Industry: Food
- Headquarters: South San Francisco, US
- Website: www.nobellfoods.com
- Total disclosed funding: $75M
- Latest round: Series B (Jun 28, 2021)
- Investors on record: 10

## About

Nobell Foods is a US-based company specializing in innovative plant-based cheese alternatives that appeal to a diverse culinary audience, emphasizing sustainability and authentic flavors.Nobell Foods develops plant-based cheese products designed to replicate traditional flavors and textures. Founded by Magi Richani, the company is based in South San Francisco, US. In June 2021, Nobell Foods raised USD 75 mn in Series B funding, led by Breakthrough Energy Ventures, with participation from several other investors. The company has successfully secured a total funding of USD 75 mn, achieving a current valuation of USD 353.375 mn.Nobell Foods specializes in creating plant-based cheese alternatives that achieve the authentic flavors and textures of traditional cheeses. Their product line caters to various culinary uses, including melting on pizzas, enhancing pastas, and complementing dishes like calzones and arepas. The company targets environmentally conscious consumers and food enthusiasts, marketing its products primarily in North America and Europe, serving both direct consumers and food service businesses.Nobell Foods generates revenue through direct-to-consumer sales and partnerships with retailers and food service providers. Their sales strategy includes transactions via their website and grocery chains, along with secured supply agreements that facilitate product placement in stores and restaurants. The pricing aligns with market standards for premium plant-based alternatives, targeting health-conscious consumers and culinary professionals, ensuring steady revenue streams from various channels.Following the Series B funding in June 2021, Nobell Foods plans to utilize the USD 75 mn to expand its team, increase production capacity, form farming partnerships, and commercialize its initial plant-based cheese products. The company is also focused on entering new markets, particularly targeting expansion into additional regions of North America and Europe by 2023.

## Funding rounds

- Series B, Jun 28, 2021, $75M — Andreessen Horowitz, Mission Bay Capital, Hillhouse Investment, Pear VC, AgFunder, Breakthrough Energy Ventures, Germin8 Ventures, Fifty Years, FootPrint Coalition, Unovis Asset Management

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B
- Mission Bay Capital (https://capitalatlas.ai/funds/mission-bay-capital) — Series B
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series B
- Pear VC (https://capitalatlas.ai/funds/pear-vc) — Series B
- AgFunder (https://capitalatlas.ai/funds/agfunder) — Series B
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series B
- Germin8 Ventures (https://capitalatlas.ai/funds/germin8-ventures) — Series B
- Fifty Years (https://capitalatlas.ai/funds/fifty-years) — Series B
- FootPrint Coalition (https://capitalatlas.ai/funds/footprint-coalition) — Series B
- Unovis Asset Management (https://capitalatlas.ai/funds/unovis-asset-management) — Series B