Gathered Foods, makers of Good Catch plant-based seafood, today announced that the company has successfully secured USD26.35m in a B-2 bridge funding round with investments from Louis Dreyfus Company (LDC), Unovis Asset Management, Big Idea Ventures, and others. According to a company statement, this strategic funding will allow Gathered Foods to further propel Good Catch plant-based seafood to the forefront of the industry, as well as raise awareness for the trajectory of the plant-based industry’s market growth and popularity.
This investment comes after last year’s successful Series B funding round, in which the company secured $36.8 million. The financing allowed the brand to continue on its successful path towards expansion and production, leading to the opening of its own state-of-the-art plant-based production facility in Heath, Ohio. Gathered Foods will use this new round of funding to ramp up product innovation and dramatically increase the number of Good Catch products on the market. The additional backing will also aid Gathered Foods to extend its international retail footprint, beginning in Europe, with further expansion planned for later in 2021.
“We are excited to have this important investment by LDC, a well-respected leader in the agricultural, food and ingredients space, to help fuel growth and expansion of our Company,” Christine Mei, CEO of Gathered Foods said. “Partnering with proven companies who are innovators in their own right can only sharpen our ability to positively disrupt a nascent industry with our innovative portfolio of Good Catch products. As demand for plant-based seafood continues to rise, we look forward to further collaboration with LDC to create breakthrough opportunities.”