Avrio Capital leads $13 mln growth funding of Sol Cuisine
Sol Cuisine Inc, a Toronto-based alternative protein brand, has secured $13 million in growth financing led by Avrio Capital, a Canadian food and agriculture technology investor. Export Development Canada (EDC) and Investeco Capital partnered in the deal. Avrio Senior Associate Jonathan Goodkey and an EDC representative will join the board as a result. Sol Cuisine, founded in 1980 by CEO Dror Balshine, caters to retail and restaurant consumers in search of plant-based proteins made on a gourmet vegan, non-GMO, and wheat- and gluten-free basis. Avrio Managing Partner Aki Georgacacos said his firm's investment attests to growth prospects in the protein vertical.
3 May 2018•4 mins read
