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VANCOUVER, NO. — TMRW Foods, a Canadian plant-based protein producer, raised C$2 million (US$1.54 million) in funding to support increased distribution in North America.
Founded in 2018, TMRW Foods offers a range of plant-based proteins including a blend of beans, yellow peas and quinoa. Its range includes TMRW Burgers, TMRW Breakfast Patties, TMRW Ground and four flavors of TMRW Sausage. The company recently added a line of TMRW Shreds made with a proprietary protein, marking its first foray into the gluten-free market. Products are sold at retailers across Canada and through a local delivery platform in lower mainland Vancouver.
In August, TMRW Foods will launch eight products at Sprouts Farmers Market stores in the United States, expanding its retail footprint to more than 1,500 locations in North America. Since late last year, the company has vertically integrated its protein production, doubled the size of its facility and quadrupled its distribution, said Dean Blignaut, co-founder and CEO of TMRW.
“We feel extremely fortunate to be able to surround ourselves with value-driven, impact-driven investors who fuel our ability to deliver on our mission,” said Mr. Blignauth. “TMRW believes the key to plant-based success is the relentless pursuit of creating plant-based proteins that are more flavorful, more nutritious and more affordable than those that exist today. Everything we do is with this goal in mind. Only by meeting the basic needs and expectations of the masses will we create a solution that leads to a more sustainable food system.”
Investors in the recent round include TELUS Pollinator Fund for Good, former Kellogg’s Canada chief Philip Don and existing stakeholders.
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