Soylent receives $50 million in Series B funding

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In California, Soylent announced the completion of a $50 million Series B financing round led by GV with participation from Tao Capital Partners, as well as existing investors, Lerer Hippeau Ventures and Andreessen Horowitz.

“Soylent is addressing one of the biggest issues we face today: access to complete, affordable nutrition,” said GV General Partner, Andy Wheeler.  “As one of the pioneers in this space, Soylent is tackling this problem head on with progressive thinking and a clear strategy that has led to outstanding growth.”

Soylent launched in 2013 with more than $3 million from the largest crowdfunded food project in history. The Company has maintained consistent, strong sales growth; and in the first quarter of 2017, net revenue nearly doubled over the same quarter in the prior year. Soylent’s suite of products has grown beyond its original Powder to ready-to-drink meals, flavor expansions, and debuting on Amazon Launchpad last year.