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Breaking NewsMeat, Poultry & Seafood

Good Catch Secures $8.7 Million Series A Financing Round

Funding round led by New Crop Capital, Syndicate of Impact Investors

GoodCatchFoods_900
August 13, 2018

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. 

www.goodcatchfoods.com

KEYWORDS: plant based foods seafood products

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