Start-up is now in the process of establishing its R&D team and facility in the Bay Area
Plant-based start-up Change Foods has closed an oversubscribed Seed round of $2.1 million as it prepares to launch its first product in the US in 2023.
Investors in the Seed round included Plug and Play Ventures, Clear Current Capital, Google senior fellow Jeff Dean, Canaccord Genuity, Better Bite Ventures and Italian fund Gerber-Rauth.
Change Foods has raised a total of $3.1 million, a year on from its inception in 2020.
It is working on producing a dairy-free cheese alternative that tackles the stretch and melt challenges that other products face.
The start-up is in the process of establishing a facility and building out an R&D team in the San Francisco Bay Area.
The management team only recently met in person after being established online during Covid-19 last year.
“We set up the US company, recruited an executive team and raised two rounds of funding, all via Zoom from Melbourne, Australia,” Change Foods funder and CEO David Bucca said.
“We are a part of a well-connected global community, able to attract investors, partners and suppliers from every corner of the world.
“This connectivity and a shared mission give us tremendous power to drive change at scale.
“That said, we are excited to be at the heart of a foodtech community in the Bay Area, as we set up our facilities and build out our R&D team,” Bucca added.
Date published: 16 June 2021