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Apex Trader Funding (ATF) - News

Plant-Based Meat Company Tender Closes $11 Million Series A, Launches Partnership with Clover

SOMERVILLE, Mass., June 17, 2024 (GLOBE NEWSWIRE) -- Tender Food Inc., a food technology startup based in Somerville, Massachusetts, has successfully closed over $11 million in Series A funding. Led by Rhapsody Venture Partners, with existing investors Lowercarbon Capital and Safar Partners and new investors Claridge Partners and Nor'easter Ventures, the additional funding will allow Tender to further its goal of revolutionizing the way we produce and consume meat. Tender leapfrogs incumbent plant-based meat products, like Impossible Foods or Beyond Meat. How? Their patented technology spins plant protein fibers like cotton candy to create structured cuts of meat. The result is hyper-realistic, nutritious, affordable, products with simple ingredients, in any format - from pulled pork to chicken breast to seafood to steak. "Consumers are largely disappointed with plant-based meat products in the market—they're too expensive, they don't taste good, and are mostly limited to burgers and sausages with long, unrecognizable ingredient lists. We need new technologies to address these challenges and drive meaningful adoption in this category, which is crucial for decarbonizing ...