This week, ReGrained, a mission-driven ingredient platform and packaged goods innovator, announced that it closed out its $2.5 million Series Seed financing led by Griffith Foods, the privately held global product development company. The investment will help ReGrained scale their proprietary processing technology and commercialize their ingredient business.
Griffith Foods and ReGrained began their partnership during Cohort II of TERRA, a first-of-its-kind program bringing together the industry’s most disruptive startups and progressive corporations to fuel cross-industry innovation and set a new standard for food and agriculture. In less than a year, TERRA’s unique pilot-driven approach has helped catapult Griffith Foods, a TERRA corporate collaborator, and ReGrained, a TERRA startup, from “strangers” to strategic partners taking on a global expansion.
As mentioned in ReGrained’s official announcement:
"Our purpose is to better align the food we eat with the planet we love. Our Edible Upcycling model changes the way we value food and the resources that support all life. We could not ask for a more mission-aligned partner that directly supports our strategic goals than Griffith Foods," says Daniel Kurzrock, ReGrained's Chief Executive Officer.
Read the full announcement in ReGrained’s official press release.
Next week, TERRA founding partners RocketSpace and Rabobank, the leading provider of financial services in the food, agribusiness, and beverage industry, will kick off Cohort III along with some of the world’s most influential companies including Griffith Foods, AgroFresh, Beta San Miguel, GrainCorp, Grupo Azucarero Mexico/CULTIBA, Nestlé USA, OSI and Tate & Lyle. 17 of the most innovative startups from around the world have been selected to work alongside the industry leaders.
For more information on TERRA, please visit www.terraaccelerator.com.