Daring Foods has added to this year’s financing with the completion of a new round as Walmart joins the plant-based chicken supplier’s retail roster.
Set up in the Scottish city of Glasgow in 2018, Daring Foods has secured US$65m in a Series C, taking its total funding since the business was founded to $120m, including from an A-list of celebrities. The company has just launched its frozen chicken alternatives in 3,000 Walmart stores across the US, joining Whole Foods Market, Sprouts and Kroger stocking its products, as well as a “growing list of restaurants nationwide”.
Go deeper with GlobalData
The business is led by co-founder and CEO Ross Mackay, who claims Daring Foods is “one of a handful of companies to raise Series A, B and C in a single year”. The company launched in the US in 2020. Former corporate banker Eliott Kessas is the other founder.
Founders Fund, a venture-capital firm in San Francisco, led the tranche as a new investor, with existing investor D1 Capital Group joining the round after participating in a Series B round earlier this year.
Tennis player Naomi Osaka, American soccer player Cameron Newton, DJ Steve Aoki and celebrity Chase Coleman also contributed.
Previous investors in Daring Foods include Washington-based VC firm Maveron, Palm Tree Crew (the DJ and producer Kygo) and rapper Drake.
Daring Foods produces plant-based spiced chicken pieces that are non-GMO, including Original, Lemon & Herb, Cajun and Breaded.
