Blue horizon venture11/17/2023 ![]() ![]() Fueled by the power of plants, Alpha is based in California and is dedicated to providing sustainable food choices that support animal welfare and a healthier planet. “We couldn’t be prouder to lead this strong nexus of collaborative investors, who had the opportunity to organically build trust this past year allowing for an incredibly successful outcome in this financing.”įor more information on Alpha Foods, please visit and for more information on AccelFoods, please visit About Alpha FoodsĪlpha Foods provides unrivaled plant-based convenience through a delicious product roster that provides accessible, meatless and mouthwatering options for all types of consumers. As a portable, functional food business geared towards the newly emergent flexitarian consumer, the Alpha platform meets all of its customers snack and mealtime needs,” said AccelFoods Managing Partner, Jordan Gaspar. “We are in the early days of plant-based consumption. “We are so fortunate to continue our incredible partnership with AccelFoods and take the brand to the next level through new products, distribution, and talent.”Īs a co-lead in Alpha Foods’ previous fundraising round in Q1 of last year, AccelFoods served as a key strategic partner for the brand, which saw eight-figure revenue post initial investment. “As more and more people actively seek out plant-based options, whether for their health or the environment, we are looking to expand our innovations within the category and bring easy to prepare products to a wider audience,” said Cole Orobetz, Co-Founder and President of Alpha Foods. Wallis and Orobetz have taken the plant-based protein brand to new heights since launch setting themselves apart from the field with deep sector knowledge having been early visionaries and market creators in plant protein.Īlpha Foods plans to put the latest funds toward new product launches, securing key talent, expanding its distribution channels, both domestically and internationally, as well as boosting its marketing and sales support to increase its touchpoint with consumers. ![]() Alpha Foods is co-founded by Loren Wallis, former founder of Good Karma Foods acquired by Dean Foods in 2018, and Cole Orobetz, a former venture capital investor in the food and ag-tech sector. Since its launch, Alpha Foods has grown its brand portfolio from four to more than 25 popular vegan and non-GMO products and is currently available in more than 9,000 stores across the U.S., including Walmart, Kroger, Albertsons/Safeway, and Wegmans supermarkets. With this latest round of funding, AccelFoods, with mostly existing investment partners, including New Crop Capital and Green Monday Ventures, in addition to the newly established venture capital fund Blue Horizon Ventures, will support Alpha Foods’ continued growth as an emerging global leader in the plant-based meal category. Led by AccelFoods to Meet Americans’ Growing Appetite for Plant-Based ProteinĪlpha Foods, makers of convenient plant-based foods, today announced it raised $28 million in a funding round led by AccelFoods (AF), a leading venture capital fund and first institutional investor in prominent food and beverage companies such as Four Sigmatic and Koia. ![]() ALPHA FOODS RAISES $28M OF SERIES A CAPITAL IN FUNDING ROUND ![]()
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