Good Catch, the plantbased seafood company created by chef partners and brothers, Chad and Derek Sarno, today announces the closing of an “oversubscribed” Series B funding round, led by Stray Dog Capital and Rocana Ventures with participants including Greenleaf Foods, New Crop Capital, and 301 INC, the venture arm of General Mills.
The company states that the net proceeds, totaling over $32 million, will be used for expansion in distribution across North America, Europe and into Asia, the opening of its state-of-the-art manufacturing facility, and new product and food service channel launches in early 2020.
“Consumer demand of trailblazing plant-based alternatives is nearly insatiable, and this trend is led by taste and availability. This next phase for Good Catch is laser focused on meeting consumer desires with culinary applications across all channels,” said Chris Kerr, CEO and Co-Founder of Gathered Foods, which owns Good Catch. “This round of investment emphasizes the food industry’s recognition of our strategy, our reception by consumers, and anticipation for more innovation to come.”
“When we met the Good Catch team, we were immediately captivated with their mission to develop more sustainable plant-based seafood products that taste as delicious as traditional seafood,” said John Haugen, Managing Director of 301 INC. “Good Catch stands out as a strong, expandable brand with passionate leadership, and we’re excited to partner to grow.”