Vegan snack company Outstanding Foods, maker of PigOut Pigless Pork Rinds and TakeOut Meal-In-A-Bag Puffs, has raised $10 million in a Series A investment round led by SternAegis Ventures and other strategic investors including Kenneth Harris, former Chairman of the Board of Enjoy Life Foods, and Javier Valéz-Bautista, former CEO of Mission Foods and current CEO of El Dorado Foods.
With this new capital, Outstanding Foods plans to expand both its retail footprint as well as its direct-to-consumer marketing efforts. Outstanding will also use the proceeds of this financing to bolster its research and development team led by cofounder Chef Dave Anderson in order to accelerate the development of new plant-based products and accelerate retailer expansion globally, including the UK .
“We’ve experienced explosive growth in 2020 in both our DTC and retailer channels, and feedback on our Addictively Delicious™ and nutritious products has been outstandingly positive,” said Bill Glaser, CEO and co-founder of Outstanding Foods. “This Series A financing will enable us to accelerate our mission of making it easier for anyone to eat healthier plant-based foods. Look for more Outstanding Foods tasty innovative products to come!”
“We are committed to supporting the Outstanding Foods team in its mission to develop a plant-based snack products global brand,” said Cassel Shapiro, CFA, Partner, SternAegis Ventures. “Outstanding Foods is led by passionate serial entrepreneurs seeking to push the boundaries of what’s possible with plant-based ingredients.”
Outstanding Foods was cofounded by Bill Glaser and Chef Dave Anderson out of a shared, decades-long love for plant-based, delicious foods. With a desire to make plant-based eating Tasty as Hell™, Outstanding Foods creates snacks that everyone — from meat lovers to herbivores — can enjoy mindfully without sacrificing taste or texture. Beginning with wholesome 100% plant-based ingredients, packed with protein and other health benefits, each product is skillfully prepared for superb taste and superior texture, and is free from gluten, soy, GMOs, trans fats, and cholesterol. The brand also gives back, partnering with non-profits that help improve the well-being of farm animals, the environment, and the health of the communities it serves.