News

Chickpea Startup Gets $8 Million Capital Boost

Plant-protein company Nutriati received a sizable investment from firms in London, San Francisco, Los Angeles, and Virginia to help bring its in-demand products to market.

Canadian food ingredient firm Nutriati Food Solutions, Inc. closed an $8 million capital funding round last week. The round was led by London-based investment firm Tate & Lyle and included capital input from several US-based firms such as Powerplant Ventures, NRV, and Blueberry Ventures. Nutriati specializes in high-protein chickpea-based food ingredients (including flour and concentrates) that can be used in formulations for baked goods, pasta, snacks, and drinks. “The plant-based protein market has been expanding rapidly in recent years, and demand for non-soy, non-dairy, and gluten-free proteins has been particularly strong,” Tate & Lyle Ventures’ Managing Partner David Atkinson said. “We are pleased to work with Nutriati to introduce the next generation of [the] novel plant ingredient.” Israel-based company CHiCK.P is also looking to tap into the lucrative plant-based protein market with its chickpea ingredients that founder Ram Reifen, MD estimates will amount to $300 million in revenue in the next five years.

More News

Veganism is Stunting Growth of Camel-Milk Industry

Consumers increasingly choosing plant-based milk alternatives is limiting the growth of the camel-milk industry.
Read More »

New Vegan Eatery Shares Profits with Employees

The Red Lunchbox in Halifax, Nova Scotia is good for the animals and fair to its workers.
Read More »

Real Housewives Star Throws Vegan Dinner Party

Porsha Williams' plant-based feast, complete with copious amounts of alcohol, was lit AF.
Read More »

Vegan Wins Wildlife Photographer of the Year

A moving image of Pikin the gorilla and her rescuer taken by photographer Jo-Anne McArthur was chosen among 50,000 applicants.
Read More »

Meatless Product-Launches Increase by 451 Percent

New data shows that UN naming 2016 the International Year of the Pulses is driving the growth of legume-based meat replacers in Europe.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »