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New Wave Foods

New Wave Foods

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

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Melanie Manipula
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Jude Gomila"Approved suggestion from source: https://www.newwavefoods.com/"
Jude Gomila approved a suggestion from Golden's AI on 14 Nov 2018 1:37 am
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Edits on 18 Oct 2018
Melanie Manipula
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Investors: Efficient Capital, New Crop Capital, and VegInvest

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Seed Funding

Total Raised: $250,000

Lead Investor: SOSV

Investor: Indie Bio

Seed Funding

Total Raised: Undisclosed

Investors: New Crop Capital and Efficient Capacity Fund

Convertible Note

Total Raised: Undisclosed

Investors: SOSV and Indie Bio

Seed Funding

Total Raised: Undisclosed

Lead Investors: Blue Horizon and SOSV

Investors: Efficient Capital, New Crop Capital, VegInvest

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Edits on 16 Aug 2018
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Jude Gomila edited on 16 Aug 2018 11:43 pm
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Article

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

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New Wave Foods sells a plant-based shrimp alternative made from sustainable ingredients like algaealgae and plant proteins. Conventional seafood-substitute products fail to replicate the texture and flavor of shrimp. Since shrimp get part of their color and flavor from the algae they eat, the company combined algae with other plant proteins, sugar, salt and other flavorings to create a product that mimics the taste, texture and color. The nutritional value of New Wave Foods shrimp may be better then conventional because they are not farmed with hormones and they have no cholesterol. The shrimp shape is achieved by placing the edible composition into molds.

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New Wave Foods uses hydrocolloid materials for gelling and thickening. Hydrocolloids are long chain polymers of polysaccharidespolysaccharides and proteins that are used in many food formulations for thickening and gelling. One hydrocolloid used by New Wave Foods, sodium alginate is extracted from the cell walls of brown algae and is used in artificial caviar. The composition also includes red algae and soy protein. Other plant protein sources are being tested. They are also working with lycopene, paprika and beta-caroten for adding color.

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Melanie Manipula
Melanie Manipula edited on 25 Jul 2018 7:32 pm