NEW YORK — Food tech startup Tomorrow Farms has closed an $8.5 million funding round led by Lowercarbon Capital.
Founded in 2021, Tomorrow Farms is expected to release its first products this summer. The company partners with food science companies to develop food and beverage brands that “make a difference for people, animals and the planet,” said Ben Berman, CEO and co-founder.
“We are on the verge of a complete paradigm shift in our food system, and that shift is needed,” Berman said.
Tomorrow Farms isn’t Mr. Berman’s first food business. Early in the pandemic, Berman, then a graduate student, started Good Pizza, a philanthropic venture that garnered national attention on television and raised more than $100,000 to fight hunger in Philadelphia. Previously, he launched a food truck, Mainely Burgers, focused on locally sourced, grass-fed beef.
The company plans to use the funding to expand its internal team, build relationships with retailers and create new partnerships.
“To feed 10 billion people without burning what’s left of our planet, we need foods and beverages that are not only low-carbon, but tastier, healthier, and just plain fresher,” he said. Chris Sacca, co-founder of Lowercarbon Capital. “Tomorrow Farms cooks up delicious dishes that will turn even hardened fast food junkies into unwitting hippies.”
Other investors in the round include Maveron, Valor Siren Ventures, Simple Food Ventures and SV Angel. Tomorrow Farms has raised a total of $10.5 million in funding to date.