INSUBCONTINENT EXCLUSIVE:
Alpha Foods, the vegetarian prepared food manufacturer, has raised $28 million in financing for its portfolio of vegetarian burritos,
tamales, nuggets, pizzas, burgers, patties and sausages.The Glendale, Calif.-based company was launched by Loren Wallis, the founder of the
dairy substitute, Good Karma Foods, and Cole Orobetz, a former director with the agricultural debt lending firm Avrio Capital.First launched
in 2015, Alpha Foods previously raised $12 million in financing from investment firms like New Crop Capital and AccelFoods, whose other
brands include Kite Hill, Good Catch, BRAMi and Evoke Healthy Foods.As more Americans move to supplement their diets with plant-based
products, companies like Alpha Foods have found willing investors for new food brands
been reinvigorated through the marketing muscle and venture dollars supplied by companies like Beyond Meat and Impossible Foods, whose
said it will use the latest money to launch new products, make new hires and expand its distribution channels nationally and
more people actively seek out plant-based options, whether for their health or the environment, we are looking to expand our innovations
a statement.The sale of pre-prepared plant-based meals reached $387 million in 2019, up 6% over the past year, according to data from the
As a portable, functional food business geared towards the newly emergent flexitarian consumer, the Alpha platform meets all of its
