Alpha Foods
Alpha Foods makes plant-based frozen meals.
- Total Raised
- $40.4 million
- Latest Round
- Series A
Investors
AgFunder, AF Ventures, Blue Horizon Ventures, Green Monday Ventures, New Crop Capital.
Summary
Alpha Foods makes plant-based frozen meals like burritos, chicken nuggets, pizzas, tamales and chicken pot pies for retail. All their products are non-GMO, non-dairy and do not contain trans fats or cholesterol. They are present in most American retailers such as Walmart, Kroger, Safeway, Albertsons and Whole Foods.
Why We Invested
- Alpha has achieved significant traction and has outlined several compelling strategies to expand their distribution in retail and food service.
- Alpha is an early mover in the Asian market, which gives them a head start in the still-nascent Asian plant-based market.
- Team has demonstrated outstanding execution across multiple channels.
- Strong coinvestors.
- Plant-based CPG companies are attractive acquisition targets for large food companies that are looking to expand into the plant-based ecosystem.
Contact Alpha Foods
Team
Loren Wallis
CEO/Cofounder
Loren has over 30 years of experience in the natural foods sector. In 1991 he opened Nature's Express, a natural foods store, and, in 1996, he founded Good Karma Foods where he stayed for 20 years.
Cole Orobetz
CFO/Cofounder
Cole was an Investment Director at Aviro Capital, a Canadian private equity firm focused on agriculture. He then joined AgFunder for 4 months as a Director of Business Development before cofounding Alpha Foods in 2015. Cole is a CPA and CA.
Karen Logue
VP of R&D
Karen has over 25 years experience in foodtech R&D. She was manager of R&D at Hain Celestial Canada, VP of R&D at Garden Protein International and Director of R&D at Silver Hills. She holds a BS in Food Science from the University of British Columbia.