About Current Foods
Current Foods is a company based in San Francisco (United States) founded in 2019 was acquired by Ahimsa in June 2024.. Current Foods has raised $24.15 million across 3 funding rounds from investors including Wicked Kitchen, Electric Feel Ventures and Union Grove Venture Partners. The company has 27 employees as of December 31, 2022. Current Foods offers products and services including Plant-based Tuna and Smoked Salmon. Current Foods operates in a competitive market with competitors including New Wave Foods, BlueNalu, Good Catch, Wild Type and Aqua Cultured Foods, among others.
- Headquarter San Francisco, United States
- Employees 27 as on 31 Dec, 2022
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Current Foods, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24.15 M (USD)
in 3 rounds
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Latest Funding Round
$18 M (USD), Seed
Jun 23, 2022
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Investors
Wicked Kitchen
& 9 more
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Employee Count
27
as on Dec 31, 2022
- Acquired by
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Products & Services of Current Foods
Current Foods offers a comprehensive portfolio of products and services, including Plant-based Tuna and Smoked Salmon. 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.
Vegan tuna made from plants for sustainable fish-free meals.
Plant-based salmon mimicking texture for vegan diets.
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Funding Insights of Current Foods
Current Foods has successfully raised a total of $24.15M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $18 million completed in June 2022. 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 3
- Last Round Seed — $18.0M
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First Round
First Round
(24 Aug 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Current Foods | Valuation |
investors |
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| Jun, 2021 | Amount | Seed - Current Foods | Valuation | Astanor , Good Seed Ventures | |
| Aug, 2020 | Amount | Seed - Current Foods | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Current Foods
Current Foods has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Wicked Kitchen, Electric Feel Ventures and Union Grove Venture Partners. 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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Investments in growth-stage US tech companies are targeted.
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Founded Year | Domain | Location | |
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Astanor is focused on transforming the agrifood system through investments.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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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 Current Foods
| 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 - Current Foods
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Current Foods Comparisons
Competitors of Current Foods
Current Foods operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as New Wave Foods, BlueNalu, Good Catch, Wild Type and Aqua Cultured Foods, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Plant-based seafood alternatives are provided using algae and sustainable ingredients.
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| domain | founded_year | HQ Location |
Seafood products are produced and supplied using fish cells.
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| domain | founded_year | HQ Location |
Developer of vegan and plant-based seafood substitutes
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| domain | founded_year | HQ Location |
Lab-grown fish is developed using cell cultivation technology.
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| domain | founded_year | HQ Location |
Seafood alternatives are developed through microbial fermentation processes.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Current Foods
Frequently Asked Questions about Current Foods
When was Current Foods founded?
Current Foods was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Current Foods located?
Current Foods is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Current Foods a funded company?
Current Foods is a funded company, having raised a total of $24.15M across 3 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Aug 24, 2020.
How many employees does Current Foods have?
As of Dec 31, 2022, the latest employee count at Current Foods is 27.
What does Current Foods do?
Current Foods was founded in 2019 in San Francisco, United States, and operates in the plant-based nutrition sector. Products such as tuna and salmon alternatives are provided through an online platform. Ingredients including bamboo, potato, radish, tomato, algae, and peas are utilized in the formulations. The offerings are stated to exclude cholesterol, mercury, and microplastics.
Who are the top competitors of Current Foods?
Current Foods's top competitors include Wild Type, BlueNalu and Good Catch.
What products or services does Current Foods offer?
Current Foods offers Plant-based Tuna and Smoked Salmon.
Who are Current Foods's investors?
Current Foods has 10 investors. Key investors include Wicked Kitchen, Electric Feel Ventures, Union Grove Venture Partners, Astanor, and Chris Paul.