New Zealand’s Sustainable Foods has confirmed it has raised $2.15 million through a combination of private and public domestic investors. Green Fern Industries, Sustainable’s exclusive hemp grower and supplier, also participated. 

Brought together under the Plan*t label, Sustainable’s hemp-based line has grown to include burgers, mince, sausages and chicken pieces. By the end of last year, it was hoped that expansion into Australia and Asia would be confirmed. This stalled due to market conditions. Now, wider and more inclusive distribution is being sought. Such expansion was a driving motivation for raising fresh capital.

“We’re really pleased with the outcome of the raise, and also the support of our investors, which has been absolutely fantastic, and our partners and stakeholders in market,” Justin Lemmens, co-founder and chief executive of Sustainable Foods said in a statement. 

“With our global population predicted hit 10 billion people by 2050, migrating more of our diet to plant-based sources is one of the biggest impacts we as a global community can have on reducing our GHG footprint,” Co-founder Kyran Rei added. “We believe plant-based nutrition can be as significant to the economy as other food sectors have been.”