New Wave Foods
ClosedWe disrupt seafood, not oceans.
San Francisco, United States · Founded 2015
- Headquarters
- San Francisco, California
- Employees
- 11–50
- Founded
- 2015
- Business Model
- B2B
- Website
- newwavefoods.com
- Last Round
- Series AJan 2021
- Rounds
- 3
About
New Wave Foods developed plant-based seafood alternatives, starting with New Wave Shrimp — a product made from sustainably sourced seaweed extract and mung bean protein engineered to replicate the taste, texture, and versatility of ocean shrimp. Founded in 2015 by marine biologist Dominique Barnes and biomedical engineer Michelle Wolf, the company targeted the U.S. foodservice channel, where roughly 80% of shrimp is consumed. Backed by New Enterprise Associates, Tyson Ventures, and Evolution VC Partners, New Wave Foods raised $18M before ceasing operations in November 2023 amid industry headwinds in the plant-based food sector.
Summary
New Wave Foods is a food-tech company based in San Francisco, United States, founded in 2015. Its most recent funding was a Series A round in Jan 2021. Investors include New Crop Capital, Tyson Ventures and Ulu Ventures.
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Funding History
Jan 2021
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Full funding history, per-round amounts, and investor participation.