Outcast Foods Closes a Funding Round of $1 Million
by Outcast Foods
HALIFAX, NOVA SCOTIA, February 4, 2019 – Outcast Inc., a Halifax-based start-up developing a unique sustainable food upcycling technology received $1 million in seed funding from leading industry and sports investors. The company manufactures plant-based functional foods and sports nutrition products from upcycled surplus produce.
The funding round was led by a number of notable investors including cable communications pioneer Stu Rath and environmental technology inventor Jamie Bagnell.
“I’ve been involved with Outcast since its inception; the company is breaking new ground in sustainable food technology”, says Stu Rath.
Several professional athletes including Joe Thornton (San Jose Sharks), Adam Lowry (Winnipeg Jets), and John-Michael Liles (Colorado Avalanche, Toronto Maple Leafs) also invested in this round.
INTRODUCING SUSTAINABILITY TO THE NATURAL HEALTH PRODUCT MARKET
One of the key products the company has developed is their proprietary upcycling process, a patent-pending technology that at scale will dramatically improve issues related to food waste, the environment and food insecurity.
“We are building a revolutionary technology and company. Our upcycling process is a first in this race to tackle the large challenges related to the excessive food waste occurring in North America and beyond”, says Dr. Darren Burke, Outcast Foods Co-Founder and CEO.
Using this proprietary process Outcast converts fresh fruit and vegetables into fine milled, whole plant powders packed with nutrients with a long shelf life.
TJ Galiardi, CMO says “Our work on creating a clean food upcycling technology was very important for Darren and I. We have backgrounds in science and athletics and are both passionate about the environment, health and fitness. The support from some of the biggest names in sports including my former teammate, Joe Thornton has been great and provides further validation for our innovation and products.”
In 2018 Outcast launched its first product to showcase their unique sustainable technology. This recent financing will help the company to expand its engineering and sales teams as well as develop new partnerships with key organizations, universities and grocers.
ABOUT OUTCAST INC
The company was co-founded in 2017 by former NHL Forward TJ Galiardi and Scientist Dr. Darren Burke as CEO. Outcast Foods did a small friends and family raise in late 2017 to kickstart the business and launched its first product in September 2018. Outcast’s corporate mission is to create sustainable nutrition for health, performance and the environment all while helping those in need.