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.
Vegan Thanksgiving Recipes
From sides and salads to roasts and desserts, we’ve got all the best vegan recipes for your Thanksgiving feast.