Participated · Series A · Aug 2018

Good Catch produces plant-based seafood products created by chef partners and brothers Chad and Derek Sarno and is owned by Gathered Foods. The company closed an oversubscribed Series B funding round with net proceeds totaling over $32 million. Management says the funds will be used to expand distribution across North America, Europe and into Asia. Proceeds will also support the opening of a state-of-the-art manufacturing facility and new product and food-service channel launches in early 2020. Company leadership and investors described the round as recognition of Good Catch’s strategy and strong consumer reception. Quotes in the coverage emphasize growing consumer demand for plant-based alternatives as a driver for the raise. Good Catch Foods produces plant-based seafood using a special “six-bean blend” of pea, soy, chickpea, lentil, fava, and navy beans to recreate fish-like products such as fish-free tuna, crab-free cakes, and fish-free sliders. The company is based in Newton, Pennsylvania. Its product line targets sustainable alternatives to seafood with a stated mission to preserve the ocean’s natural resources while introducing enjoyable seafood choices. The article says the business aims to benefit both consumers and the environment through these products. Good Catch received $8.7 million in capital funding to advance its sustainability mission. Investors in the round are described as interested in helping save the ocean’s ecosystem.