NEW YORK — Kencko, a direct-to-consumer plant-based nutrition brand, has raised $10 million in a Series A funding round led by existing investor Siddhi Capital.
Founded in 2016, Kencko uses freeze-dried technology to produce blender-free smoothie mixes that contain more than two servings of fruits and vegetables per serving. The brand also offers gumdrops formulated with fruits and vegetables. Launching soon are ready-to-heat bowls, featuring a freeze-dried mix and developed by registered dietitians, food scientists and chefs.
A Certified B Corporation, Kencko uses plant-based compostable packaging and offsets all emissions from shipping. By freeze-drying produce soon after harvest, the company offers a solution that reduces food waste when compared to fresh produce. The company estimates it helped members avoid discarding approximately 660 tons of fresh produce last year. The brand is on track to be completely carbon neutral this year.
“After being diagnosed with acute gastritis several years ago, I found healing in adopting a diet rich in daily fruit and vegetables,” said Tomás Froes, co-founder and chief executive officer. “What I found was that quality nutrition was hard in our modern lives, so Kencko was created. We’re excited to expand our offerings beyond smoothies and gumdrops into bowls and hope to help more people increase their daily fruit and vegetable intake as we continue to grow.”
The company plans to use the funding to support new product development.
“Kencko has always been laser focused on making it easier for people to get their recommended five daily servings of fruits and vegetables,” said Steven Finn of Siddhi Capital. “They’ve been executing at top speed, and we at Siddhi are excited to see their next innovations continue to advance their mission beyond their original line of smoothies.”Other investors in the round included Next View Ventures, Riverside Ventures, Silas Capital, Cheyenne Ventures, Shilling Capital, Indico Capital, Mission Point, Gather Ventures, Nakhla Ventures and Nextblue Ventures. The company has raised a total of $13.5 million to date.