Nutriati, B2B specialist in plantbased ingredients such as chickpea based flours, announces it has closed a series C funding led by Manna Tree Partners who led the $12.7 million investment round, with participation from private equity firm Open Prairie. This is Manna Tree’s third investment which takes place as public demand for healthier, plant-based ingredients has increased 31% since 2017.
Chickpea Ingredients Producer Nutriati Acquired by Tate & Lyle
Tate & Lyle, originating in Britain 1859 as sugar refinery Henry Tate & Sons, most known for its emblematic Golden Syrup, was acquired by American Sugar Refining, Inc (ASR) in 2010, ending its long association with refined sugar production. The company now announces it has purchased US chickpea ingredients producer Nutriati. The multinational ingredients supplier said it had acquired “substantially all” of Nutriati’s assets. Established in 2018, Nutriati offers chickpea flour and protein under the Artesa® brand. The products are used by a range of leading plant-based and gluten-free companies, mainly in North America. Prior to the acquisition, Nutriati had signed an agreement making Tate & Lyle its sole distributor. The companies have not revealed the terms of the acquisition. Funding round In December 2019, …