Plant-based food brand Wicked Kitchen has secured $14 million in a Series A funding round, as it prepares to launch its product line in the US.
The round was co-led by plant-based foods venture fund Unovis Asset Management and Thailand-based NRF-owned Nove Foods.
Co-founded by American brothers Derek and Chad Sarno, Wicked Kitchen first launched its range of vegan products in 2018 in collaboration with UK retailer Tesco. After experiencing success in the UK, the company aims to bring the Wicked Kitchen product line to the US market amid the growing plant-based movement.
Derek and Chad Sarno are also the co-founders of Gathered Foods, makers of the Good Catch plant-based seafood brand.
“This funding supports the next giant leap in growth and adoption of the Wicked Kitchen product line – a journey that will span the globe,” said Wicked Foods CEO, Pete Speranza.
He added: “As was demonstrated by Tesco, the UK’s largest supermarket chain, the breadth of offerings Wicked Kitchen brings to market allows motivated regional retail partners to commit to multi cross-category adoption. What Wicked brings into the US will be unlike anything else that has come before it in the plant-based space.”
The company’s plant-based offerings include convenient breakfast, lunch and dinner options such as porridge, meal kits, noodle pots, ready meals, meat alternatives, sauces and marinades.
Chris Kerr, founding partner of Unovis, said: “The fastest adoption of plant-based foods is always driven by great culinary experience. Wicked Kitchen has an unparalleled range of exceptional products, a revered brand, and two founding chefs willing to stir the pot. Unovis is here to support this effort from every angle.”
Wicked Kitchen plans to make further announcements in the coming week regarding the brand’s US launch.
© FoodBev Media Ltd 2024
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry. Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial
Your privacy We use small files known as ‘cookies’ to enhance your experience of the FoodBev website and analyse site-traffic. Read about how we use cookies or how you may control them in our updated privacy policy and cookie policy. If you continue to use this site, you consent to our use of cookies. Click the ‘OKAY‘ button at the top right of this panel to accept or click here for more information.