In California, ReGrained, a mission-driven ingredient and packaged goods innovator for rescued food, closed its $2.5 million in seed financing. Led by Griffith Foods, a family-owned global developer and manufacturer of customized food ingredients, the investment will help scale ReGrained’s proprietary processing technology and commercialize their ingredient business.
Setting the stage for global expansion, the world’s first “ReGrainery” based in the San Francisco Bay Area rescues and upcycles millions of tons of high-protein, high-fiber grain generated by the brewing industry into ReGrained’s SuperGrain+, a versatile ingredient that performs flawlessly in all commercial applications from savory to sweet, producing delicious, nutritious, and highly functional foods.
The financing builds on an exceptional year for ReGrained, which saw the launch of their first consumer product line, SuperGrain+ bars, the introduction of first-to-market compostable packaging, global recognition as food waste thought-leaders, partnerships with multinational food companies and entry in thousands of new retail locations.