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About Tender Food
Industries
Food & Agriculture
Biotechnology
Company Size
11-50
Company Stage
Series A
Total Funding
$22.6M
Headquarters
Somerville, Massachusetts
Founded
2020
Overview
Tender Food creates plant-based meat substitutes aimed at consumers who are environmentally conscious and health-focused. The products are developed using scientific expertise from Harvard University, ensuring high quality and sustainability. Tender Food sells its products directly to consumers through its online platform and select retail partners, generating revenue from product sales and potential partnerships with food service providers. Unlike many competitors, Tender Food emphasizes both taste and texture in its offerings, striving to provide a satisfying alternative to traditional meat. The company's goal is to promote a more sustainable food consumption model without sacrificing flavor.
Simplify's Take
What believers are saying
- $11M Series A funding boosts production and commercialization efforts.
- Partnership with Clover Food Lab expands market reach and brand recognition.
- Growing consumer demand for sustainable, plant-based meats supports Tender Food's mission.
What critics are saying
- Competition from established brands like Beyond Meat may limit market share.
- Consumer skepticism towards GMOs may hinder acceptance of cultured meats.
- Rising ingredient costs could impact pricing strategy and profit margins.
What makes Tender Food unique
- Tender Food uses novel fiber technology to mimic real meat textures.
- Founded by Harvard researchers, leveraging cutting-edge science in food technology.
- Direct-to-consumer model enhances customer relationships and feedback for product development.
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Funding
Total Funding
$22.6M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↓ -2%2 year growth
↑ 4%Rhapsody Venture Partners invests in early stage, hard-tech innovations -- things like new materials, engineering innovations, chemistries, food tech -- helping bring them from the lab to market.
National Science Foundation 2415 Eisenhower Ave. Alexandria, VA 22314 USA
Tender Food, a food technology startup based in Somerville, MA, has closed over $11 million in Series A funding. The round was led by Rhapsody Venture Partners, with participation from existing investors Lowercarbon Capital and Safar Partners, and new investors Claridge Partners and Nor'easter Ventures.
Tender Foods Inc. raised $11 million in its initial funding round, led by Rhapsody Venture Partners, Lowercarbon Capital, Cladridge Partners, Nor’easter Ventures, and Safar Partners. The funds will be used to scale up production and commercialize plant-based meat products. CEO Christophe Chantre highlighted the need for better-tasting, affordable plant-based meats. Additionally, Tender Foods announced a partnership with Clover Food Lab to bring its products to all Clover locations in the US by 2025.
Tender™ Plant-Based Shredded Pork Tender™ plant-based shredded pork, known for its succulent texture and savory flavor, is a perfect addition to any dish. Tender™ Plant-Based Chicken Breast Tender’s plant-based chicken breast, created using their unique process that spins plant proteins into fibers identical in size to animal muscle, ensuring a convincingly meaty texture and flavor. SOMERVILLE, Mass., June 17, 2024 (GLOBE NEWSWIRE) -- Tender Food Inc., a food technology startup based in Somervil
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About Tender Food
Industries
Food & Agriculture
Biotechnology
Company Size
11-50
Company Stage
Series A
Total Funding
$22.6M
Headquarters
Somerville, Massachusetts
Founded
2020
There are no jobs for Tender Food right now.
Find jobs on Simplify and start your career today