Aditya Hadi Pratama · · 1 min readIndonesian plant-based meat producer bags $1.7m seed funding
Indonesia-based Off Foods has raised US$1.7 million in a seed funding round led by Alpha JWC Ventures, with participation from Global Founders Capital, Creative Gorilla Capital, United Family Capital, and healthy noodle producer Lemonilo.
Photo credit: Off Foods
Founded in August 2021, Off Foods produces plant-based meat that it distributes to various restaurants. Sales of its flagship product – a chicken-like protein called Off Meat – have grown by 10x since its establishment, according to a company statement.
The foodtech startup said its products are available in seven cities across Indonesia through partnerships with restaurants including Gaaram, Wanfan, Mamma Rosy, and Fitco Eats. Soon, Off Foods will also distribute its plant-based meats to more F&B chains, such as Mangkokku, Zenbu, and Byurger.
Off Foods was established by serial entrepreneurs Dominik Laurus and Jhameson Ko, who have experience in the plant-based food industry.
The company plans to spend the fresh funding to expand to more cities in Indonesia and invest in its research and development. It also aims to launch direct-to-customer products to reach more users.
See also: These are the most active investors in Indonesia’s startups
Editing by Miguel Cordon and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
