News for September 30, 2022

Next Level Burger is taking its investment to the next level

Next Level Burger, a vegan burger chain, announced that it raised $20 million in funding. The new funding will be used to accelerate its U.S. expansion, which will quadruple its store count to 1,000 by the end of 2025. The round was led by a strategic organic and natural foods partner, private mission-driven shareholders and early-stage vegan investors Alex Payne, formerly of Twitter and Simple Bank, and Nicole Brodeur.

True Food to launch a new brand with $100M investment

Health brand True Food Kitchen announced plans to launch a new fast-casual brand next year in Phoenix, Arizona. The new funding round was led by HumanCo and Manna Tree with support from existing investor Centerbridge Partners. This is the largest investment the 42-unit chain has received since it was founded in 2008.

Gotham Greens raises $310M

Gotham Greens received an investment of $310 million to expand its greenhouses nationwide. Since the brand’s 2009 launch, it has raised a total of $440 million. The new investment round was led by BMO Impact Investment Fund and Ares Management, with participation from Commonfund, RockCreek, Kimco Realty Corporation, Manna Tree Partners and The Silverman Group

Arizona Cardinals safety Budda Baker invests in RTD beverage

Budda Baker is now a shareholder in LIFEAID Beverage Co. and has invested a significant amount into the company’s new FITAID Energy launch. FITAID Energy is a better-for-you, clean beverage brand available in the United States and Europe. FITAID Energy is LIFEAID’s most successful brand launch to date (the brand launched in mid-2022) and accounts for 26% of the company’s sales.

Berlin, Germany-based personalized nutrition company raises 10 million euros

Lykon, a 4-year-old personalized nutrition and dietary supplements company, raised 10 million euros in a Series A round led by venture capital investor Zintinus. Bridge to Growth, another venture investor, and existing investors MA Ventures and Ippen Digital also participated. MA Ventures led a 6.4 million euros fundraising round in 2021, which allowed Lykon to acquire Gaia Nutrition.

Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.