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§ Private Profile · 800 East Leigh Street Suite 56 Richmond, VA 23219 United States
Nutriati is a technology company.
Nutriati develops and produces high-quality, plant-based food ingredients, specializing in functional chickpea proteins and flours. Its core offerings, like Artesa Chickpea Protein, enhance nutritional profiles and improve texture in various food applications. This proprietary technology allows manufacturers to create versatile, appealing, and healthier products.
Richard Kelly, formerly of Altria, and Michael Spinelli, with experience from Ben & Jerry's and Sabra, co-founded Nutriati in 2013. They identified that chickpeas could yield superior, functional food ingredients. Their combined backgrounds facilitated developing plant-based solutions, addressing growing market demand for healthier, sustainable food options.
Consumer food brands utilize Nutriati's ingredients to formulate nutritious, palatable plant-based products, from baked goods to snacks. The company aims to be a foundational supplier, committed to expanding plant-derived components within the food industry. Its long-term objective is to foster a more sustainable and health-conscious global food landscape.
Nutriati has raised $20.7M across 2 funding rounds.
Nutriati has raised $20.7M in total across 2 funding rounds.
Nutriati has raised $20.7M across 2 funding rounds. Most recently, it raised $12.7M Series C in December 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 9, 2019 | $12.7M Series C | Brent Drever | Open Prairie | Announced |
| Apr 1, 2017 | $8M Series A | T.k. Pillan, David Atkinson | Blueberry Ventures, NRV | Announced |
Nutriati is a food technology company specializing in the research, development, and commercialization of innovative plant-based food ingredients, particularly focusing on chickpea protein and flour. It creates functional powders and flours designed for consumer food and beverage brands, aiming to provide nutritious, tasty, and sustainable alternatives to animal-based proteins. Nutriati serves food manufacturers and brands looking to incorporate plant-based proteins into their products, addressing the growing consumer demand for healthier and environmentally friendly food options. The company has demonstrated growth momentum through successful fundraising rounds and eventual acquisition by Tate & Lyle in 2022, reflecting its strong position in the plant-based ingredient market[1][2][3][4].
Founded in 2013 in Richmond, Virginia, Nutriati was established by a team including Richard Kelly and Mike Page, who shared a vision of bringing healthier, tasty, and sustainable food ingredients to market. The idea emerged from the increasing consumer interest in plant-based nutrition and the need for high-quality, functional protein ingredients derived from chickpeas. Early traction included securing investments from venture capital firms such as Xandex Investments, Manna Tree Partners, and NRV VC, which supported Nutriati’s growth and product development. A pivotal moment was its acquisition by Tate & Lyle in 2022, which expanded its reach and resources within the global food ingredient industry[3][4][6].
Nutriati rides the global trend toward plant-based nutrition driven by rising health consciousness, environmental sustainability concerns, and cultural acceptance of chickpeas as a protein source. The timing is favorable due to increasing consumer demand for alternatives to animal proteins and technological advancements in ingredient processing. Market forces such as the growth of sports nutrition, meat alternatives, and clean-label food products work in Nutriati’s favor. By providing high-quality plant-based ingredients, Nutriati influences the broader food tech ecosystem by enabling brands to meet evolving consumer preferences and regulatory pressures for healthier, sustainable food options[3][5].
Looking ahead, Nutriati is poised to expand its impact under Tate & Lyle’s umbrella, leveraging enhanced resources to accelerate innovation and market penetration. Trends shaping its journey include continued growth in plant-based diets, advances in protein extraction technologies, and increasing demand for functional, clean-label ingredients. Nutriati’s influence is likely to grow as it helps mainstream plant-based proteins in diverse food categories, contributing to a more sustainable and health-conscious food industry. Its trajectory exemplifies the convergence of food science, sustainability, and consumer-driven innovation, reinforcing its role as a key player in the plant-based ingredient sector[2][3][6].
Nutriati has raised $20.7M in total across 2 funding rounds.
Nutriati's investors include Brent Drever, Open Prairie, T.K. Pillan, David Atkinson, Blueberry Ventures, NRV.