About ANDFOODS
ANDFOODS is a company based in Palmerston North (New Zealand) founded in 2023 by Alejandra Acevedo Fani, Alex Devereux, Yiran Wang, Arup Nag, Debashree Roy, and Harjinder Singh.. ANDFOODS has raised $2.7 million across 1 funding round from investors including Icehouse Ventures. ANDFOODS offers products and services including Pulse-Based Ingredients.
- Headquarter Palmerston North, New Zealand
- Founders Alejandra Acevedo Fani, Alex Devereux, Yiran Wang, Arup Nag, Debashree Roy, Harjinder Singh
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Sectors
Consumer
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.7 M (USD)
in 1 rounds
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Latest Funding Round
$2.7 M (USD), Seed
Mar 14, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of ANDFOODS
ANDFOODS offers a comprehensive portfolio of products and services, including Pulse-Based Ingredients. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Nutritious plant-based dairy alternatives from pulses for sustainable food products.
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Funding Insights of ANDFOODS
ANDFOODS has successfully raised a total of $2.7M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.7 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.7M
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First Round
First Round
(14 Mar 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2024 | Amount | Seed - ANDFOODS | Valuation | Icehouse Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ANDFOODS
ANDFOODS has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Icehouse Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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PE fund focused on high growth companies of New Zealand
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ANDFOODS
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ANDFOODS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Andfoods Comparisons
Competitors of ANDFOODS
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Andfoods
Frequently Asked Questions about ANDFOODS
When was ANDFOODS founded?
ANDFOODS was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is ANDFOODS located?
ANDFOODS is headquartered in Palmerston North, New Zealand.
Who is the current CEO of ANDFOODS?
Alex Devereux is the current CEO of ANDFOODS. They have also founded this company.
Is ANDFOODS a funded company?
ANDFOODS is a funded company, having raised a total of $2.7M across 1 funding round to date. The company's 1st funding round was a Seed of $2.7M, raised on Mar 14, 2024.
What does ANDFOODS do?
ANDFOODS was founded in 2023 and is based in Palmerston North, New Zealand. Operations focus on the food sector, where plant-based dairy products are developed using pulses and fermentation processes. A range of alternatives, including soya milks, yoghurts, and cheeses, is provided to support sustainable options in the dairy market. The company is led by a team of co-founders with expertise in product development and technology.
What products or services does ANDFOODS offer?
ANDFOODS offers Pulse-Based Ingredients.
Who are ANDFOODS's investors?
ANDFOODS has 1 investor. Key investors include Icehouse Ventures.
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