Nutriati Inc., a Richmond, Virginia-based foodtech startup, raised $8m in funding.
The round was led by Tate & Lyle Ventures and Powerplant Ventures with participation from NRV and Blueberry Ventures. In conjunction with the funding, T.K. Pillan, a co-founder of the vegetarian restaurant chain Veggie Grill, is joining Nutriati’s board of directors, along with David Atkinson, a managing partner of Tate & Lyle Ventures.
The company intends to use the funds to continue for R&D and commercialize its products.
Founded in 2013 by Richard Kelly, CEO, and Michael Spinelli, CTO, Nutriati is dedicated to formulating nutritious food products for a broad range of consumer tastes. The company has developed a process for turning chickpeas procured from Canada into a protein powder that can serve as a substitute ingredient for eggs, wheat, soy and milk in food products such as bars, shakes and brownies.
The company is based in the Virginia Biotechnology Research Park in downtown Richmond.
FinSMEs
24/04/2017