NEW YORK — Momofuku Goods, a brand of “restaurant-grade” pantry staples, raised $17.5 million in Series A funding led by Siddhi Capital to expand product offerings and support growing operations.
Founded by the team behind Momofuku restaurants, including chef David Chang and chief executive officer Marguerite Mariscal, Momofuku Goods offers a range of products, including chili crunch, air-dried noodles, soy sauce, rice vinegar and seasoned salts that are sold online and in more than 2,000 retail stores, including Target, Whole Foods Market, Wegmans and others.
“We are thrilled to have the support of Siddhi Capital as we continue to grow Momofuku Goods,” Ms. Mariscal said. “We’re grateful to have their expertise as we navigate the world of consumer packaged goods.”
Mr. Chang added, “We spent a decade testing and developing our pantry essentials, ensuring that they were up to the standards we uphold in our restaurants. With this investment, I’m looking forward to bringing even more flavor to home cooks’ kitchens.”
Siddhi Capital is an operationally focused food and beverage growth equity firm. Its investments include Mid-Day Squares, Magic Spoon, Super Coffee, Aura Bora and more.“We couldn’t be more excited to partner with Momofuku Goods as they continue to dominate the market with delicious, non-intimidating products and flavors that will bolster the home cook in all of us,” said Melissa Facchina, co-founder of Siddhi Capital. “We have been, and continue to be, impressed by Momofuku’s ability to deliver world-class experiences to the everyday consumer.”
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