# Simply Foods

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

- Industry: Food
- Headquarters: Berkeley, US
- Website: www.newagemeats.com
- Total disclosed funding: $32M
- Latest round: Series A (Aug 26, 2021)
- Investors on record: 19

## About

Simply Foods, Inc., based in the US, develops innovative food products with a focus on cultured meat, aiming to transform the food industry through sustainability and health-conscious offerings.Simply Foods, Inc. specializes in the production of cultured meat products. Founded in 2017 in Berkeley, US, the company has completed six deals with its latest funding round occurring on August 26, 2021. The company raised USD 25.00 mn in a Series A funding round led by Hanwha Solutions, with participation from Siddhi Capital, SOSV, TakeOff VC Management, and TechU Ventures. Brian Spears is the CEO and founder of the company.Simply Foods, Inc. offers a range of cultured meat products that cater to health-conscious consumers. The company's innovative approach focuses on sustainability and the creation of meat alternatives that are both nutritious and environmentally friendly, aiming to reduce the impact of traditional meat production.Simply Foods, Inc. generates revenue through the sale of its cultured meat products. The pricing structure is designed to facilitate consumer access while ensuring sustainable business growth. Specific pricing details are not publicly disclosed, however, the revenue model relies heavily on the increasing demand for cultured meat alternatives.In August 2021, Simply Foods, Inc. raised USD 25.00 mn in Series A funding to support its goal of launching cultured meat production by 2022. The company intends to expand its product offerings and explore additional markets, particularly focusing on regions with high demand for sustainable food solutions.

## Funding rounds

- Series A, Aug 26, 2021, $25M — SOSV, TechU Ventures, TakeOff VC Management, Siddhi Capital, Hanwha Solutions
- Seed, Feb 10, 2021, $2M — Tech Coast Angels, ff Venture Capital, SOSV, Oceanic Partners, Deep Ventures, Innovating Capital, Beni Venture Capital, Climate Capital
- Seed, Jul 30, 2020, $2M — ff Venture Capital, SOSV, Sand Hill Angels, TechU Ventures, Losa Group, Siddhi Capital
- Seed, Jan 9, 2020, $2.7M — ff Venture Capital, SOSV, Sand Hill Angels, IndieBio, Kairos Ventures, Supernode Ventures, Hemisphere Ventures, Agronomics Limited
- Seed, Jul 24, 2019, $0.7M — SOSV, IndieBio

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed, Series A
- IndieBio (https://capitalatlas.ai/funds/indiebio) — Seed
- ff Venture Capital (https://capitalatlas.ai/funds/ff-venture-capital) — Seed
- Sand Hill Angels (https://capitalatlas.ai/funds/sand-hill-angels) — Seed
- Kairos Ventures (https://capitalatlas.ai/funds/kairos-ventures) — Seed
- Supernode Ventures (https://capitalatlas.ai/funds/supernode-ventures) — Seed
- Hemisphere Ventures (https://capitalatlas.ai/funds/hemisphere-ventures) — Seed
- Agronomics Limited (https://capitalatlas.ai/funds/agronomics-limited) — Seed
- TechU Ventures (https://capitalatlas.ai/funds/techu-ventures) — Seed, Series A
- Losa Group — Seed
- Siddhi Capital (https://capitalatlas.ai/funds/siddhi-capital) — Seed, Series A
- Tech Coast Angels — Seed
- Oceanic Partners (https://capitalatlas.ai/funds/oceanic-partners) — Seed
- Deep Ventures (https://capitalatlas.ai/funds/deep-ventures) — Seed
- Innovating Capital (https://capitalatlas.ai/funds/innovating-capital) — Seed
- Beni Venture Capital (https://capitalatlas.ai/funds/beni-venture-capital) — Seed
- Climate Capital (https://capitalatlas.ai/funds/climate-capital) — Seed
- TakeOff VC Management (https://capitalatlas.ai/funds/takeoff-vc-management) — Series A
- Hanwha Solutions — Series A