LOS ANGELES — Outstanding Foods raised $10 million in a Series A funding round led by SternAegis Ventures, with participation from Kenneth Harris, former chairman of the board of Enjoy Life Foods, and Javier Valéz-Bautista, former chief executive officer of Mission Foods and current CEO of El Dorado Foods.
Launched in 2015 by co-founders Bill Glaser and Chef Dave Anderson, Outstanding Foods offers plant-based snacks, including PigOut Pigless Pork Rinds and TakeOut Meal-In-A-Bag Puffs. The products are sold in retailers nationwide, including Walmart, Kroger and Whole Foods and southwest 7-11 locations.
The company will use funds from the Series A round to expand its retail footprint as well as its direct-to-consumer marketing efforts. It also will bolster its research and development team to accelerate development of new plant-based snack products.
“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,” Mr. Glaser said. “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.”