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Closing an $8.5 million Seed Round led by Chris Sacca’s Lowercarbon Capital, Maveron, Valor Siren Ventures, Simple Food Ventures, and SV Angel, Tomorrow Farms says it’s gearing up to fuel the “sustainable food revolution.”
New York-based Tomorrow Farms has yet to launch a product, but with its latest funding, which brings its total raised to $10.5 million, the company says it’s about to become a “household name” in sustainable food options.
Sustainable food for ‘fast-food junkies’
“To feed 10 billion humans without burning up what’s left of our planet, we need food and drinks that are not just lower carbon, but also tastier, healthier, and just plain cooler,” Sacca, Lowercarbon Capital Co-Founder, said in a statement.
“Tomorrow Farms is making delicious food that will turn even hardened fast-food junkies into unwitting hippies.”
Tomorrow Foods partners with “deep-tech” food companies to develop animal-free foods and beverages. The first product launch is expected to follow the funding announcement. The products follow its incubation at the 2021 SALT Fund.
The company says it is building a portfolio of “next-generation” food products that will help create a more equitable and harmonious food system “by reinventing pantry and refrigerator staples so they’re better for people, kinder to animals, and easier on the planet.”
“We’re on the precipice of a complete paradigm shift in our food system, and that shift is necessary,” said Ben Berman, the CEO and Co-Founder of Tomorrow Farms.
“We are working to bring the future of food to consumers today, partnering with the most innovative food science companies in the world to create products that actually make a difference for people, animals, and the planet.”
Berman built Tomorrow Farms following a history in the food industry. He launched a successful food truck at age 18, and then innovated a pizza company, Good Pizza, out of his apartment during the pandemic. The operation was used as a fundraiser for local charities, raising more than $100,000, and earned him an appearance on the talk show, Ellen.
Tomorrow Farms is expected to launch with animal-free products similar to those by Perfect Day, which use precision fermentation to reproduce dairy cells in fungi for use in milk, cheese, and ice cream that’s indistinguishable from cow milk, except in environmental footprint. Animal agriculture is a leading cause of GHG emissions, accounting for about 15 percent of all emissions.
Lowercarbon Capital is helping to lead the shift. It raised more than $800 million last year to advance investments into sustainable ventures. It was an early investor in Mosa Meats, and last month, the Sacca-led operation joined Natalie Portman in a seed round for Tender Foods, which is developing whole-cut plant-based versions of popular animal foods, starting with bacon.
Lead Photo by Michael Held on Unsplash.