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Canada-based Sol Cuisine closes equity financing round

foodprocessing-technology 2020-08-17
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Canada’s gourmet plant-based food products manufacturer Sol Cuisine has completed a $10m equity financing round led by BDC Capital’s Industrial Innovation Venture Fund.

The funding round saw the participation of existing investors EDC, New Acres, InvestEco, Planted Power chairman Mike Fata and Sol Cuisine CEO John Flanagan.

Flanagan said: “Sol Cuisine is thrilled to partner with BDC Capital. This investment combined with our talented management team and newly expanded SQF GFSI certified manufacturing facility will enable us to share Sol Cuisine’s exceptional products with more consumers, or as we like to say, our Sol Mates.”

Established in 1996, Sol Cuisine produces plant-based products, introducing one of the first organic tofu products in Canada.

It operates a manufacturing facility, as well as research and development lab in Mississauga, Ontario, Canada.

The company claims that all its plant-based products such as burgers, balls, bites, sausages, fillets and roasts contain all non-GMO ingredients.

The company’s products are currently available across more than 4,000 locations, including Whole Foods, Albertsons, Safeway, Target, Kroger, Loblaws, Sobeys and Metro.

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