©The Single Origin Food Co
The Single Origin Food Co (Sofco) has secured $1.1 million in seed funding to support the rollout of its plant-based honey alternative.
Headquartered in Delaware, US, Sofco is a provider of traceable, plant-based foods. The company’s portfolio of rice, salt and sugars is sold across the country.
Earlier this year, Sofco launched Vegan Un-Honey, which is fortified with organic flower pollen.
The company’s seed round – which was led by A’Z Angels – will support the rollout of the vegan honey substitute, as well as Sofco’s product development efforts.
“Our Single Origin model of working collaboratively with our farming partners actively reduces greenhouse gas emissions, increases biodiversity, removes animal use from the food chain and provides full product traceability to our customers to ensure we deliver the highest quality, best value food to market,” said Belal Elbana, CEO of Sofco.
“Our seed round will support the Vegan Un-Honey rollout and accelerate product development.”
Elbana added: “Longer term, we see enormous potential of further “Un” plant-based natural products and + (plus) fortification using organic flower pollen and wild nutrition.”
Amr Abdelaziz, managing partner, A’Z Angels, added: “Our focus is investing in disruptive innovation. Our portfolio is primarily technology companies. However, Sofco and Vegan Un-Honey are poised to disrupt the food industry with innovation at the heart of everything they do.”
© 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.