• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Skip to navigation
Close Ad

The Spoon

Daily news and analysis about the food tech revolution

  • Home
  • Podcasts
  • Events
  • Newsletter
  • Connect
    • Custom Events
    • Slack
    • RSS
    • Send us a Tip
  • Advertise
  • Consulting
  • About
The Spoon
  • Home
  • Podcasts
  • Newsletter
  • Events
  • Advertise
  • About

Good Catch Hooks $10M in Funding for its Plant-Based Tuna

by Catherine Lamb
June 28, 2019June 30, 2019Filed under:
  • Future Food
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to email this to a friend (Opens in new window)

Yesterday Gathered Foods, the company behind Good Catch plant-based seafood, announced that it had closed a $10 million convertible note round. According to Forbes, the round was led by animal-free protein funds New Crop Capital and Stray Dog Capital. Along with last year’s $8.7 million Series A, this latest round should bring Gathered Foods’ total funding to roughly $18.7 million.

Good Catch makes plant-based tuna using a 6-protein blend and algal oil to give it that distinct ocean-y taste. Each 3.3-ounce pouch of Good Catch tuna — which comes in three flavors — has 14 grams of protein and costs around $4.99. Gathered Foods is also developing a line of frozen entrées, like vegan “crab” cakes and fish-free “whitefish” burgers, which will be available in spring of 2020.

The company will use its new funds to scale production of Good Catch’s plant-based seafood. No wonder — in February of this year the company started rolling out its products in Whole Foods as well as through online grocery providers FreshDirect and Thrive Market. However, their Whole Foods exclusivity ended on May 1st, so we’ll likely start to see them popping up in even more retailers.

To keep up with increased distribution, Gathered Foods is currently building a $20 million manufacturing facility in Ohio which will be able to make a variety of plant-based proteins. Seeing as Good Catch is coming out with a line of faux crab and fish patties, this flexibility makes a lot of sense. They’re aiming to finish the new facility by the end of this year — hopefully that will help them avoid the supply issues other plant-based meat companies have been struggling with as of late.

Good Catch isn’t the only one trying to disrupt the seafood industry with more sustainable, plant-based options. Sophie’s Kitchen has a vegan canned “toona” from springy Japanese yam, and Ocean Hugger Foods turns tomatoes and eggplant into plant-based alternatives to raw fish for sushi.

As cool as all these are, to me they’re just a stop-gap until lab-grown seafood comes to market. Quite a few companies are working on it — Wild Type makes cell-based lox, Shiok Meats makes cultured shrimp, and Finless Foods is developing lab-grown tuna.

Due to high costs, scaling difficulties and regulatory hurdles, however, it’ll be quite a few years before cell-based seafood shows up at our local Whole Foods. Let’s see how far Good Catch gets before then.


Related

Gathered Foods, Maker of Good Catch Secures $26.35M for Plant-Based Seafood

Gathered Foods, which makes the Good Catch brand of plant-based seafood, announced today that it has secured $26.35 million in a B-2 bridge funding round from investors including Louis Dreyfus Company, Unovis Asset Management and Big Idea Ventures. This new financing follows the $36.8 million Series B round the company…

General Mills Invests in Good Catch’s $32M Series B to Expand Plant-based Seafood

Today Gathered Foods, makers of Good Catch plant-based seafood, announced it has closed a $32 million Series B round. Led by Stray Dog Capital and Rocana Ventures, other participants included Greenleaf Foods, New Crop Capital, Almanac Investments, CPT Capital and 301 INC (the venture arm of General Mills). Good Catch's…

Good Catch Foods Reels In $8.7 Million for Plant-Based Seafood

Good Catch Foods, the Pennsylvania-based startup which makes seafood out of plants, closed an $8.7 million Series A funding round yesterday. This ups their Series A from the $5.5 million the company announced in April. The round was led by New Crop Capital with participation from Stray Dog Capital, the PHW…

Get the Spoon in your inbox

Just enter your email and we’ll take care of the rest:

Find us on some of these other platforms:

  • Apple Podcasts
  • Spotify
Tagged:
  • Good Catch
  • plant-based
  • seafood

Post navigation

Previous Post Video: How to Make Food Commercials Look Cool with Slo-Mo and Robots
Next Post Hurry! This Weekend is Your Last Chance for SKS 2019 Ultra Early Bird Ticket Pricing

Reader Interactions

Comments

  1. Mary Ramniceanu says

    August 4, 2019 at 9:57 am

    Good Catch site states Whole Foods, NYC, 3rd Avenue has product.
    Have been to WF three times. No luck and no one knows anything.
    Tried to find CC site to inform them. Again, no luck.
    This is vexing. Eager to try the product but am giving up.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Get The Spoon in Your Inbox

The Spoon Podcast Network!

Feed your mind! Subscribe to one of our podcasts!

Report: Restaurant Tech Funding Drops to $1.3B in 2024, But AI & Automation Provide Glimmer of Hope
Don’t Forget to Tip Your Robot: Survey Shows Diners Not Quite Ready for AI to Replace Humans
A Week in Rome: Conclaves, Coffee, and Reflections on the Ethics of AI in Our Food System
How ReShape is Using AI to Accelerate Biotech Research
How Eva Goulbourne Turned Her ‘Party Trick’ Into a Career Building Sustainable Food Systems

Footer

  • About
  • Sponsor the Spoon
  • The Spoon Events
  • Spoon Plus

© 2016–2025 The Spoon. All rights reserved.

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter
  • YouTube
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.