Next generation food and beverage company Thistle, landed another successful funding round, ensuring it won’t go hungry for funds for awhile.
The company completed a $5.65 million Series A round of financing led by PowerPlant Ventures, the sole investor in this round. This brings Thistle’s total funding to $15.7 million since it launched. PPV’s Managing Partner, Dan Gluck, will join the food-tech’s board of directors.
Thistle wants to be a disruptive force in the growing plant-based, sustainable food market. PPV has had a history in investing in similar focused companies, such as Beyond Meat, Thrive Market, and Veggie Grill.
The San Francisco based Thistle plans to use its new funding to further capitalize on and continue to drive two major trends that are redefining how people approach their diets: the rise of plant-based eating fueled by health, sustainability, and ethical concerns, and the slow rejection of cooking and the growing need for convenience, including push-button solutions to health and wellness.