FMCG

Wicked Kitchen Raises $20M in Transition Funding, Triples Year-Over-Year Sales

The cash infusion will help Wicked Kitchen, which has tripled sales year-over-year, to increase brand awareness globally and expand into additional retail, foodservice and other channels.

“I’ve known Chad and Derek for many years and have been impressed with their wicked creativity in the kitchen and the fact that they’re not afraid to push the boundaries.”– said Woody Harrelson.

“What I love about this brand is that the products are actually created by chefs who always put taste first, making it easy to switch to plant-based.”

Wicked Kitchen, founded in the UK by brothers and chefs Derek Sarno and Chad Sarno, launched with Tesco in 2018 and will be available in US retailers including Kroger and Sprouts in summer 2021. Its portfolio is extensive with a wide selection of frozen and shelf-stable plant-based products, including bowls of noodles, sauces, frozen entrees, pizzas, meal kits and ice cream (the largest selection of plant-based products under one brand, it claims).

A year of high growth

The news about the funding comes right after Wicked Kitchen acquires plant-based seafood brand Good Catch​ (also founded by the Sarno brothers), expanding the company’s reach into the frozen and atmospheric seafood categories.

“During this phase of high growth, this confirms the support of additional investors who believe in our mission and the future of plant-based products.”​ commented Pete Speranza, CEO of Wicked Kitchen.

“This latest round of funding will help us rapidly expand our offerings in the US and internationally, and it positions us well as we continue to lead plant-based innovation with advanced-tasting products that appeal to vegans and omnivores. the same.”

https://www.foodnavigator-usa.com/Article/2022/09/29/wicked-kitchen-raises-20m-in-bridge-funding-triples-year-over-year-sales?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS Wicked Kitchen Raises $20M in Transition Funding, Triples Year-Over-Year Sales

Back to top button