Good Catch Secures $8.7 Million Series A Financing Round
Funding round led by New Crop Capital, Syndicate of Impact Investors
On a mission to provide ocean-friendly, plant-based seafood options for everyone, the culinary rebels with a cause at Good Catch today announced the closing of an $8.7M Series A funding round.
The round was led by New Crop Capital and a syndicate of investors: leading European food manufacturer PHW Group; retailers Thrive Market and Fresh Direct; strategic private investors and entrepreneurs with global reach; and mission-aligned impact partners, including Stray Dog Capital, Clear Current Capital, VegInvest, Rocana Capital, Blue Horizon, EverHope Capital, Baleine & Bjorn Capital, M13, and Starlight Ventures.
Good Catch's early success represents the expansion of the plant-based megatrend into the seafood market segment, a virtually uncontested space with international impact potential. Good Catch is launching at a critical moment, tapping into the food-tech zeitgeist with a line of culinary-driven, fish-free seafood as the world braces for the collapse of global fisheries before 2050.
Nearly 90% of large predatory fish stocks are depleted.
Oceans currently serve as the world's largest source of protein, with more than 3 billion people consuming marine life as their primary protein source.
Alternative proteins are poised to command a third of the protein market by 2050.
United over their love of good food, plant-based eating, and animal welfare, the founders of Good Catch are bringing more than 100 years of mission-driven entrepreneurship and visionary leadership to the company. Founded by the venture firm New Crop Capital, by conscious agency BeyondBrands, and with culinary innovation led by renowned plant-based chefs Chad & Derek Sarno, the team aims to help solve the oceans' complex global issues with new sustainable food technology and marine welfare, which are at the core of the company's mission.