New Wave Foods, a San Fran company producing plant-based shellfish, has secured an investment from Tyson Ventures, the corporate venture arm of Tyson Foods.
The company plans to have a shrimp alternative ready for food service operatives in early 2020.
“Our plant-based shrimp cooks and tastes just like the real thing, and it matches the texture, taste, performance and versatility of shrimp fresh from the ocean,” said Mary McGovern, CEO of New Wave Foods.
The company’s product is based on the extensive research undertaken by Michelle Wolf, its co-founder and Chief Technology Officer, together with a team of experience R&D professionals.
Its first offering, a plant-based shrimp, is made with sustainably sourced seaweed and plant protein, and contains all 8 essential amino acids that are found in all meats and seafoods.
It also contains no allergens, zero cholesterol and is lower in both calories and salt than real shrimp.
“Our product is a delicious, one-for-one direct swap for the real thing, and interchangeable in a wide range of recipes,” McGovern said.
“It gives chefs and food service operators great menu options while addressing consumers’ growing demand for sustainable choices.”
New Wave Foods anticipated to launch a Series A round in the near future.
