The Jackfruit Company (TJC), based in Boulder, Colorado, has secured a $5 million Series B extension funding round led by existing investors InvestEco, Creadev, and Grosvenor Food & AgTech. This latest round of capital will support the company’s efforts to enhance its plant-based meat offerings made from whole jackfruit, as well as fuel continued market expansion.
“The aim for this is to be the last round”
This Series B extension follows a previous $23 million Series B round closed in 2021, which enabled the company to expand its distribution across retail and foodservice channels in the United States.
The Jackfruit Company operates under two brands: TJC, which focuses on jackfruit ingredients for industrial and foodservice markets, and jack & annie’s, a consumer-facing brand offering products like burgers, breakfast sausage patties, and nuggets. Together, their products are available in thousands of retail and foodservice outlets across the US and Canada.

As part of its growth strategy, The Jackfruit Company has entered into partnerships with notable foodservice providers. Earlier this year, the company collaborated with Smashburger, a US burger chain, to add a jackfruit burger to its menu permanently after a successful trial in 2023. In an interview with Axios, CEO and founder Annie Ryu indicated that this could be the company’s final round of fundraising, stating, “The aim for this is to be the last round.”
Leading the jackfruit market in the US
The Jackfruit Company is the leading jackfruit brand in the US, producing minimally processed, whole food, plant-based products. While the TJC brand emphasizes the sale of jackfruit ingredients such as lightly seasoned or plain jackfruit chunks for industrial use, the jack & annie’s brand caters more to consumers with ready-to-eat products.
The company’s business model also aims to support sustainable agriculture. It sources organically grown jackfruit from more than 1,000 farming families in southern India, with a focus on improving farmer livelihoods and reducing environmental impact.

Jackfruit is gaining traction as a clean-label alternative to other processed plant-based meat options due to its naturally meaty texture and minimal need for additional processing. According to Ryu, “By using jackfruit as our #1 ingredient, we’re able to make foods that not only satisfy like meat, but that also are a good source of fiber and protein, lower in fat and calories than meat products, and simpler and less processed compared to other meat alternatives.”
Jackfruit as a meat alternative
Outside the US, other brands are exploring jackfruit as an ingredient in meat alternatives. Uganda’s Fiber Foods recently attracted investment for its jackfruit ingredients, while in India—one of the world’s largest jackfruit producers—companies like Wakao Foods and Kathalfy are also creating innovative jackfruit-based products.
Ryu also told AgFunderNews, “As we continue to see consolidation across the plant-based and broader meat alternative industry, our company is now positioned for strong growth.”