Plant-based cheese brand to spend capital on marketing and bolstering distribution and product development

Numu Food Group, which offers vegan non-dairy cheese, has raised Series A funding co-led by Unovis Asset Management and Clear Current Capital.

The New York-based brand stated it will use the funding to build national awareness through marketing campaigns, and bolster distribution and product development.

Numu’s vegan mozzarella product is available to foodservice vendors in ready-to-use shreds and fresh blocks. The company said is also developing a number of other varieties of plant-based cheese.

Gunars Elmuts, founder of Numu Vegan Cheese, said: “This is an exciting time for Numu as we continue to develop the brand and expand our distribution. Thanks to our continued partnership with investors like Unovis and Clear Current, who have extensive experience in the plant-based food space, we are well-positioned to bring Numu to a much wider audience.”

Mark Langley, managing partner at Unovis, added: “We are excited to increase our investment in Numu at this pivotal moment. About two-thirds of the world’s population is lactose intolerant, yet non-dairy cheese is still a rarity in pizza shops. The Numu team has created a truly differentiated product with high-performing melt, stretch, and taste qualities for pizzerias.”

This year, Unovis has also injected funds into plant-based fish alternatives brand Good Catch and Indonesian food company Green Butcher.

Date published: 6 September 2021

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