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New Wave Foods

New Wave Foods

New Wave Foods is a biotechnology company developing plant-based shellfish food products. The company is based out of San Francisco, California and was founded in 2015 by Dominique Barnes and Michelle Wolf.

New Wave Foods is a biotechnology company developing plant-based shellfish food products. The company is based out of San Francisco, California and was founded in 2015 by Dominique Barnes and Michelle Wolf.

New Wave Shrimp

New Wave Foods's primary product is New Wave Shrimp, a plant-based shrimp product made with seaweed and various plant proteins, primarily mung bean. Red algae, a common food in the diet of shrimp, is a primary ingredient in New Wave Shrimp. This helps mimic the color and flavor of real shrimp. It contains no animal products and no common allergens. It is also gluten-free (unbreaded products only) and certified Kosher. New Wave Shrimp is only available in restaurants and other food serving locations; it is not sold in retail stores. It is available in Breaded, Unbreaded, and Bakeable Cajun Breaded.

Patents

Algae or plant based edible compositions, application US20180084815A1 (2018-03-29), pending US15716272 (2017-09-26), PCT/US2017/053483 (2017-09-26), WO2018058119A1 (2018-03-29).

Description
Status
Link
Date

Algae or plant based edible compositions

Pending

2016-09-26

Timeline

January 2021
New Wave Foods raises a $18,000,000 series A round from Evolution VC Partners, New Enterprise Associates and Tyson Ventures.
June 29, 2020
New Wave Foods raises a $2,091,000 venture round from Scottish Investment Bank.
October 1, 2015
New Wave Foods raises a $250,000 seed round from IndieBio and SOSV.
September 1, 2015
New Wave Foods is founded by Dominque Barnes and Michelle Wolf.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Are These Insanely Realistic Fake Shrimp the Future of Sustainable Seafood?

Marshal, W.

New Wave Foods Foodservice Industry Brand Story

Web

September 17, 2021

Shrimp's Outrageous Slavery Problem—and How to Fix It

Olga Khazan

News

Title
Author
Date
Publisher
Description
Christine Hall
January 6, 2021
Crunchbase News
The company will initially focus on selling its product to restaurants and foodservice locations.
New Wave Foods
January 6, 2021
www.prnewswire.com:443
/PRNewswire/ -- New Wave Foods® is disrupting the $9 billion dollar shrimp market with the introduction of a plant-based shrimp made of sustainable seaweed and...
September 9, 2019
WebWire
Tyson Foods, Inc. (NYSE: TSN), through its corporate venture subsidiary, Tyson Ventures, has completed an investment in New Wave Foods®. Based in San Francisco, New Wave Foods is focused on producing plant-based shellfish and plans to have a shrimp alternative ready for food service operators in early 2020. "We're excited about this investment in the fast-growing segment of the plant-based protein market," said Amy Tu, president of Tyson Ventures. "This continues our focus of identifyi...

References

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