Plant-based proteins producer TMRW Foods raises C$2m

• The funding will be used to support TMRW Foods’ growth in North America
• TMRW will launch eight products across the U.S. with Sprouts Farmers Market in August this year
• In November 2020, Canadian telecommunications company Telus launched a C$100 social impact fund

TMRW Foods, a Vancouver-based producer of plant-based proteins, has raised C$2 million in follow-on financing.

Investors in this round include the TELUS Pollinator Fund for Good and Philip Donne, former CEO of Kellogg’s Canada.

The funding will be used to support the company’s growth in North America.

“We feel tremendously fortunate to be able to surround ourselves with values aligned, impact driven investors that fuel our ability to execute on our mission,” said Dean Blignaut, Co-Founder and CEO of TMRW, in a statement. “TMRW believes the key to plant-based success is to relentlessly pursue the creation of plant-proteins that are more flavorful, more nutritious and more accessible than those in existence today. Everything we do is with that goal in mind.”

TMRW will launch eight products across the U.S. with Sprouts Farmers Market in August this year. This will increase distribution in North America to more than 1,500 retail locations and 6,000 distribution points.

In November 2020, Canadian telecommunications company Telus launched TELUS Pollinator Fund for Good, a C$100 social impact fund.