Leading food company Tyson Foods, has completed an investment in San Francisco based New Wave Foods through its corporate venture subsidiary, Tyson Ventures.
Details are provided below:
- New Wave Foods is producing plant-based shellfish and plans to have a shrimp alternative ready for food service operators in early 2020
- Tyson Foods, Inc. is one of the worlds largest food companies and a recognized leader in protein.
- Were excited about this investment in the fast-growing segment of the plant-based protein market, said Amy Tu, president of Tyson Ventures. This continues our focus of identifying and investing in companies with disruptive products and breakthrough technologies related to our core business so we can continue to serve a growing global population.