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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.

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Scottish Politicians Back Nationwide Vegan Challenge

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Kansas Residents Block Plans for Tyson Factory Farm

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New Line of Vegan Pea Protein Milk Hits Shelves

North America's largest producer of baby carrots adds a new line of calcium-rich vegan milk.
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Vegan Cannabis Popsicles to Launch in Winter

CBD oil-infused, coconut milk-based pops in three flavors will be available nationwide in December.
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UK Grocery Chain Expands Vegan Cheese Line

Sainsbury's adds a new vegan blue cheese to its existing line after the supermarket chain experienced overwhelming demand for dairy-free cheeses.
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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.

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