Gathered Foods, makers of Good Catch plant-based seafood products, has secured nearly $26.4 (€22.2 million) in funding, and intends to "ramp up product innovation and dramatically increase" its products on the market.
Investors include the Louis Dreyfus Company (LDC), Unovis Asset Management and Big Idea Ventures.
"LDC’s global reach, supply chain management, R&D capabilities and procurement expertise will be key to Gathered Foods’ ability to broaden its global footprint and bring new building blocks to our expanding portfolio of offerings," said Chris Kerr, co-founder and executive chairman of Gathered Foods.
The additional backing will also aid in extending its international retail footprint, beginning in Europe, with further expansion planned for retail and foodservice later in 2021.
Since securing $36.8 million (€31 million) in funding two years ago, the company has opened its own plant-based production facility in Heath, Ohio. It also expanded its distribution footprint on an international scale with its Tesco launch in the United Kingdom.
Good Catch products are sold through Tesco, in Canada through partnerships with Loblaws and Sobeys, and in Europe throughout retailers in the Netherlands and Spain.
The company has a joint distribution venture with Bumble Bee Foods, as well as backing from celebrities Woody Harrelson, Shailene Woodley, Paris Hilton and Lance Bass.