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Myforest Foods Announces $15 Million Series A-2 Funding, Appoints Food Industry Expert As New Ceo

Jun 06, 2023•over 2 years ago

Amount Raised

$15 Million

Round Type

series a

Green IslandFood And Beverage

Investors

Ecovative DesignMy Forest Foods

Description

MyForest Foods Co. today announced it has raised $15 million in Series A-2 funding to support its next chapter of growth and further bring its hero product, MyBacon, to more consumers across the East Coast. The round was led by MyForest Foods’ parent company, Ecovative Design.

Company Information

Company

MyForest Foods

Location

Green Island, New York, United States

About

MyForest Foods grows meatless mycelium on vertical farms and supplies sustainable natural flagship products to consumers.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech