EFFINGHAM, ILL. — Plant-based ingredient developer Nutriati secured $12.7 million in a Series C funding round led by Manna Tree Partners, a Vail, Colo.-based private equity fund.
The investments will support R.&D. and increased production, said Michael Todd, chief executive officer at Nutriati. The company, which was founded in 2018, uses pulses to make protein and flour sold under the Artesa brand.
Artesa Chickpea Protein, launched last summer, was the first chickpea-based protein concentrate available in commercial quantities.
“Nutriati uses science and technology to produce healthier ingredients, with an emphasis on taste, texture and nutrition,” said Brent Drever, chief operating officer at Manna Tree Partners. “We are proud to partner with Michael Todd and his team, which is committed to the research, development and commercialization of innovative and sustainable ingredients. As demand rises for healthier eating, Nutriati is well-positioned to grow for years to come.”