Plant-Based Seafood Brand Good Catch Lands $26.35 Million from Investors
Gathered Foods, makers of Good Catch plant-based seafood, announced the company has secured $26.35 million in a B-2 bridge funding round with investments from Louis Dreyfus Company (LDC), Unovis Asset Management, Big Idea Ventures, and others. This strategic funding will allow Gathered Foods to further propel Good Catch plant-based seafood to the forefront of the industry, as well as raise awareness for the trajectory of the plant-based industry's market growth and popularity.
This investment comes after last year's successful Series B funding round, in which the company secured $36.8 million. The financing allowed the brand to continue on its successful path towards expansion and production, leading to the opening of its own state-of-the-art plant-based production facility in Heath, Ohio. Gathered Foods will use this new round of funding to ramp up product innovation and dramatically increase the number of Good Catch products on the market. The additional backing will also aid Gathered Foods to extend its international retail footprint, beginning in Europe, with further expansion planned for later in 2021.