Cash Flow: CureFit Raises $110m, Hungry Harvest Secures $7.5m To Fight Food Waste, Plant-Based Funding Continues

The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.

Core Foods bags $6m in new funding

Snack brand Core Foods has closed a $6m funding round, bringing its total capital raised to date, to $12.5m. The funding, president Brett Hartmann told NOSH, will be used to expand marketing efforts.

Despite only launching in 2019, Core Foods’ probiotic snack bars can already be found in over 5,000 stores across the US including Whole Foods, Albertsons, Target and Walgreens.

Hungry Harvest raises $7.25m to fight food waste

Hungry Harvest, a startup delivering produce that would otherwise go to waste, has raised $7.25m to expand its outreach to customers and improve technology, said CEO Evan Lutz.

The round, led by Creadev – a Paris-based private equity investment firm, also featured participation from Desert Bloom – a matchmaker between startups from the CleanTech and AgriTech verticals and investors from around the world.

Cure.Fit wins $110m in a funding round led by Temasek

Indian fitness chain Cure.Fit has secured $110m in a funding round led by Temasek – an investment company headquartered in Singapore. 

The round also included participation from new backer GableHorn Investments as well as existing investors Accel Partners, Chiratae Ventures and Unilever Ventures.

The company is yet to comment on its plans for the funding, however, the round follows a separate $75m raise last May, in which it announced it would be focusing on expanding its operations, subsidiaries and joint ventures.

Natures Fynd raises $80m to commercialize meat-alternative products

Food tech company Nature’s Fynd has raised $80m in new funding. 

The firm, which produces a protein from a microbe originally discovered in the geothermal springs of Yellowstone’s ancient volcano, plans to use the capital to commercialize food and beverage products across breakfast, lunch, dinner and snack occasions. 

The funding round was co-led by Generation Investment Management LLP – a sustainable investment firm, and Breakthrough Energy Ventures – a $1 billion fund that invests in companies combating climate change.