FoodTech Capital Raises in the U.S. – August 19th-25th, 2024
The FoodTech sector has seen activity this past week, with several companies securing substantial funding to drive innovation. 
If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Here are the capital raises:
Later Stage VC
  1. FARE, an operator of a restaurant chain in Chicago, Illinois, raised $1.8 million in late-stage venture capital to expand its plant-based food offerings.
  2. Topa Topa Brewing Company, based in Ventura, California, raised $441,325 of venture funding.
Seed Round, Angel, and Grant
  1. Linus Technology, a New York-based food technology company, raised $7.5 million in seed funding to develop its food technology platform, achieving a post-valuation of $27.5 million.
  2. De Novo Foodlabs, a producer of animal-free dairy products in Raleigh, North Carolina, secured $1.5 million in seed funding to advance its sustainable food solutions. (Lead Investor: Joyful Ventures).

Douglas Jendras

Managing Director

Finance and operations executive with broad experience in private and public companies, including emerging ventures. 20 years in telecommunications industry including leadership role positioning restructured company for multi-billion dollar transaction, negotiating agreements, and overseeing due-diligence for merger and acquisition opportunities.  10 years managing investments in real estate and technology while consulting companies in telecommunications, technology, real estate, healthcare, construction and intellectual property.  MBA in Finance from Pace University and BA in Psychology from State University of New York at Albany.  FINRA Series 7, 63, 79 licenses.

  • Email: djendras@castleplacement.com
  • (C) (203) 501-7667

Douglas Jendras

Douglas Jendras

Managing Director

Douglas Jendras

Managing Director

Please contact me if you have any questions or would like to discuss your capital raise:

Email: djendras@castleplacement.com

(C) (203) 501-7667

Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.

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Thanks, Ken

Ken Margolis | Managing Partner Castle Placement
1460 Broadway Street
New York, New York 10036
(212) 418-1180
kmargolis@castleplacement.com

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