Nabati Foods Global is a family-founded plant-based food company best known for its dairy-free cheesecakes and vegan Chick'n Burger. The Edmonton-based business was established in 2014 and is counted as part of the Eat Beyond Holdings portfolio. Its products are sold in more than 700 stores across North America and its signature cheesecake has debuted in Hong Kong, the U.S. Virgin Islands, and Hawaii. Nabati saw sales grow more than 85% in 2020 versus 2019 and recently completed a $7.7 million capital raise. The company says it expects to go public in the near future and is expanding distribution into Europe after securing a deal with broker the Saralex Group to enter Portugal and Spain. Management emphasizes continued geographic expansion across Asia and Europe to broaden its footprint beyond North America. Nabati produces a range of plant-based dairy, meat, and cheese alternatives, including its Mozzarella Cheeze that melts like dairy. The company is family-owned and based in Edmonton, with products served across North America. Nabati recently partnered with COBS Bread and Beyond Meat to supply its mozzarella on a new plant-based Beyond Sausage Arrabbiata Mini Pizza for foodservice. Financially, Nabati secured a private placement of up to $4,000,000 and reported sales growth of more than 85% in 2020 versus 2019. The company has stated plans to expand distribution into Europe in 2022. CEO Ahmad Yehya highlighted the product’s appeal to foodservice because it melts like dairy cheese.

Total raised

$12M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2021