On August 28, 2024, New School Foods Inc. (“New School Foods”), a Canadian foodtech startup, announced the closing of a US$6 million seed extension round. This investment included participation from Inter IKEA—the holding company of the Swedish furniture giant—Good Startup, NewTree Capital and Hatch, building on existing funding from Protein Industries Canada.
New School Foods is a startup focused on producing plant-based, whole-cut seafood alternatives. The funds raised will support its upcoming launch in American and Canadian restaurants, for which it will leverage its recently opened 28,000 sq. ft. production facility.
Fasken advised New School Foods with a team comprised of Marc Shewchun and Veronique Poulin.
Jurisdiction
- Ontario