About SOL Cuisine
SOL Cuisine is a company based in Mississauga (Canada) founded in 1980 was acquired by PlantPlus Foods in November 2021.. SOL Cuisine has raised $20.12 million across 2 funding rounds from investors including BDC, Export Development Canada and InvestEco. The company has 48 employees as of December 31, 2024. SOL Cuisine operates in a competitive market with competitors including Beyond Meat, NotCo, SunOpta, Daiya Foods and Zoglos, among others.
- Headquarter Mississauga, Canada
- Employees 48 as on 31 Dec, 2024
- Stage Public
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Sectors
Consumer
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Email
***********
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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
$20.12 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series B
Aug 13, 2020
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Investors
BDC
& 6 more
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Employee Count
48
as on Dec 31, 2024
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Acquired by
PlantPlus Foods
(Nov 12, 2021)
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Funding Insights of SOL Cuisine
SOL Cuisine has successfully raised a total of $20.12M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in August 2020. 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 2
- Last Round Series B — $10.0M
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First Round
First Round
(03 May 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Series B - SOL Cuisine | Valuation | BDC | |
| May, 2018 | Amount | Series B - SOL Cuisine | Valuation | Avrio Sub Debt |
| 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 SOL Cuisine
SOL Cuisine has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include BDC, Export Development Canada and InvestEco. 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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Venture capital is invested in North American tech companies.
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Founded Year | Domain | Location | |
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SME loans are provided to support business exports.
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Founded Year | Domain | Location | |
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Commercial banking services for small and medium-sized enterprises are provided.
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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 SOL Cuisine
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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.
|
2016 |
Financial Statements - SOL Cuisine
| 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 |
Sol Cuisine Comparisons
Competitors of SOL Cuisine
SOL Cuisine 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 Beyond Meat, NotCo, SunOpta, Daiya Foods and Zoglos, 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 meat substitutes are developed and offered by Beyond Meat.
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| domain | founded_year | HQ Location |
AI-powered technology is developed for food product innovation and development.
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| domain | founded_year | HQ Location |
Non-dairy and alternative beverages are provided by SunOpta.
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| domain | founded_year | HQ Location |
Dairy-free cheese alternatives are produced and marketed by Daiya Foods.
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| domain | founded_year | HQ Location |
Plant-based meat alternatives are manufactured and offered by Zoglos.
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| 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 Sol Cuisine
Frequently Asked Questions about SOL Cuisine
When was SOL Cuisine founded?
SOL Cuisine was founded in 1980 and raised its 1st funding round 38 years after it was founded.
Where is SOL Cuisine located?
SOL Cuisine is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Is SOL Cuisine a funded company?
SOL Cuisine is a funded company, having raised a total of $20.12M across 2 funding rounds to date. The company's 1st funding round was a Series B of $10.12M, raised on May 03, 2018.
How many employees does SOL Cuisine have?
As of Dec 31, 2024, the latest employee count at SOL Cuisine is 48.
What does SOL Cuisine do?
SOL Cuisine was founded in 1980 in Mississauga, Canada, and operates in the plant-based food sector. A range of vegan products, including burgers, sausages, tofu, and meat alternatives, is produced. Certifications for gluten-free, kosher, halal, organic, and non-GMO standards are held by the products. Ingredients are sourced from local farms. Products require heating before consumption and are available through partnered retailers such as Kupfert Kim and Whole Foods.
Who are the top competitors of SOL Cuisine?
SOL Cuisine's top competitors include Beyond Meat, NotCo and SunOpta.
Who are SOL Cuisine's investors?
SOL Cuisine has 7 investors. Key investors include BDC, Export Development Canada, InvestEco, Mike Fata, and John Flanagan.