The food and beverage industry is being transformed by a new generation of startups focused on health, sustainability, and innovation. Since 2020, these 10 companies have raised $5M to $10M to scale their products and disrupt traditional markets.
From plant-based alternatives to functional beverages and clean-label snacks, these startups are catering to the next wave of conscious consumers.
Meet the 10 Innovative Food & Beverage Startups That Recently Secured $5M–$10M in Funding
Discover how these food and beverage innovators are reshaping the industry with bold ideas and fresh funding.
| Company Name | Founded | Location | Number of Employees | Last Funding | Last Funding Date | Total Funding |
|---|---|---|---|---|---|---|
| Daily Crunch | 2020 | Nashville, TN, USA | 1-10 | $4M | Sep 16, 2024 | $5.14M |
| Shinkei Systems | 2021 | New York, NY, USA | 1-10 | $6M | Feb 5, 2024 | $6M |
| Ohanafy | 2022 | Wilmington, USA | 11-50 | $2.9M | Mar 8, 2024 | $5.7M |
| It’s Skinny | 2020 | Austin, TX, USA | 11-50 | $3.8M | Jun 20, 2024 | $7.6M |
| Tastes Pretty Good | 2023 | Tampa, FL, USA | 11-50 | $9.67M | Jul 22, 2024 | $9.67M |
| KUDO | 2022 | Provo, UT, USA | 11-50 | $4.93M | Mar 18, 2024 | $7.03M |
| Wild Common | 2021 | Wilson, WY, USA | 1-10 | $5M | Jun 11, 2024 | $5M |
| Lux Ice | 2020 | Flower Mound, TX, USA | 1-10 | $2.18M | Feb 14, 2024 | $6.34M |
| Renais Spirits | 2022 | Poole, Dorset, UK | 1-10 | £4.95M | Jan 6, 2025 | $6.19M |
| MasterChow | 2020 | Delhi, India | 11-50 | $6.5M | Nov 30, 2024 | $8.34M |
1. Daily Crunch
- Founded: March 2020
- Location: Nashville, Tennessee
- Industry: Food and Beverage
- Number of Employees: 1-10
- Total Funding Amount: $5.14M
- Last Funding Amount: $4M (Latest Round: September 16, 2024)
Daily Crunch is a unique online and offline store offering delicious and healthy snack options that include cherry-berry nuts, cacao sea salt, and sprouted almonds. Their products cater to health-conscious individuals who enjoy premium, nutritious snacks with a delicious twist.
By focusing on quality ingredients and innovative snack offerings, Daily Crunch delivers convenient options that satisfy cravings without compromising on health. With a strong commitment to promoting sustainable and wholesome ingredients, Daily Crunch is quickly becoming a go-to destination for those looking for guilt-free snacks that don’t sacrifice taste.
2. Shinkei Systems
- Founded: 2021
- Location: New York, New York
- Industry: Food and Beverage
- Number of Employees: 1-10
- Total Funding Amount: $6M
- Last Funding Amount: $6M (Latest Round: February 5, 2024)
Shinkei Systems is a cutting-edge robotics company revolutionizing the fishing industry by addressing critical challenges such as fish waste reduction and extending shelf life. By incorporating advanced automation and precision technology, Shinkei Systems offers surgical accuracy, depth perception, and species and production tracking to enhance fish harvesting.
Their innovative solutions enable fishing businesses to cut labor costs, speed up processing time, and eliminate errors in fish processing. Shinkei’s technology is designed to improve efficiency and sustainability in the fishing industry, ensuring businesses can optimize their operations while maintaining high-quality standards.
3. Ohanafy
- Founded: 2022
- Location: Wilmington
- Industry: Food and Beverage
- Number of Employees: 11-50
- Total Funding Amount: $5.7M
- Last Funding Amount: $2.9M (Latest Round: March 8, 2024)
Ohanafy is a dynamic player in the food and beverage industry, focused on delivering high-quality, innovative products that meet the needs of today’s health-conscious consumers. Their mission is to transform the way people enjoy food by providing delicious, nutritious, and sustainable options.
With a strong commitment to quality and sustainability, Ohanafy creates products that not only taste great but also support a healthy lifestyle. Its range of offerings reflects the company’s dedication to innovation, combining flavors and ingredients that promote both taste and well-being.
4. It’s Skinny
- Founded: 2020
- Location: Austin, Texas
- Industry: Food and Beverage
- Number of Employees: 11-50
- Total Funding Amount: $7.6M
- Last Funding Amount: $3.8M (Latest Round: June 20, 2024)
It’s Skinny is revolutionizing the pasta industry by offering a low-calorie, healthier alternative to traditional pasta. Their mission is to create delicious, guilt-free pasta that allows consumers to enjoy their favorite dishes without compromising on taste or nutrition.
By using innovative ingredients and advanced culinary techniques, It’s Skinny delivers products that are not only lower in calories but also rich in flavor, providing a perfect solution for those following healthier diets or managing their calorie intake.
5. Tastes Pretty Good
- Founded: 2023
- Location: Tampa, Florida
- Industry: Food and Beverage (Food Delivery, Restaurants)
- Number of Employees: 11-50
- Total Funding Amount: $9.67M
- Last Funding Amount: $9.67M (Latest Round: July 22, 2024)
Tastes Pretty Good is a food delivery service revolutionizing the restaurant industry by providing a unique and delightful dining experience at the convenience of your doorstep. With a focus on high-quality, tasty meals, the company aims to bring the experience of dining out into the comfort of your home or office.
With a variety of delicious menu options, Tastes Pretty Good partners with local restaurants to bring fresh, flavorful, and nutritious meals directly to consumers, ensuring fast delivery without sacrificing quality. Their innovative approach combines great taste with convenience, making them a top choice for food lovers on the go.
6. KUDO
- Founded: February 2022
- Location: Provo, Utah
- Industry: Food and Beverage (Nutrition, Snack Food)
- Number of Employees: 11-50
- Total Funding Amount: $7.03M
- Last Funding Amount: $4.93M (Latest Round: March 18, 2024)
KUDO is a nutritious snack food company that focuses on providing delicious, healthy, and high-energy snacks for people who need sustained energy throughout the day. With a mission to provide better snack options, KUDO delivers protein-rich, nutritious products that support active, busy lifestyles.
Their innovative snacks are made with wholesome ingredients, offering a great combination of taste and nutrition. KUDO’s products are designed to help individuals stay on top of their health goals while satisfying their hunger on the go.
7. Wild Common
- Founded: 2021
- Location: Wilson, Wyoming
- Industry: Food and Beverage (Wine and Spirits)
- Number of Employees: 1-10
- Total Funding Amount: $5M
- Last Funding Amount: $5M (Latest Round: June 11, 2024)
Wild Common is a craft winery that specializes in producing high-quality, sustainable wines inspired by the wild and untamed nature of Wyoming. The winery blends local ingredients and time-honored traditions with innovative techniques to create wines that celebrate the beauty of the region.
Focused on sustainability and creating a unique wine experience, Wild Common offers customers exceptional wines that reflect the raw, natural environment of Wyoming, with a commitment to environmental responsibility and community. By emphasizing the harmony between nature and craft, they are making their mark in the world of fine wines.
8. Lux Ice
- Founded: 2020
- Location: Flower Mound, Texas
- Industry: Food and Beverage (Hospitality, Hotel)
- Number of Employees: 1-10
- Total Funding Amount: $6.34M
- Last Funding Amount: $2.18M (Latest Round: February 14, 2024)
Lux Ice is a premium ice production company specializing in the creation of crystal-clear, perfectly shaped ice cubes. With a focus on high-end hospitality, Lux Ice serves the needs of luxury hotels, fine dining restaurants, and high-end bars that demand the highest quality for their beverages.
Its ice is produced using innovative methods that guarantee clarity, purity, and consistency, enhancing the presentation of both classic and contemporary drinks. Lux Ice has made a mark in the beverage industry by offering an essential product that plays a vital role in elevating the guest experience.
9. Renais Spirits
- Founded: 2022
- Location: Poole, Dorset, United Kingdom
- Industry: Food and Beverage (Wine and Spirits, Brewing)
- Number of Employees: 1-10
- Total Funding Amount: $6.19M
- Last Funding Amount: £4.95M (Latest Round: January 6, 2025)
Renais Spirits is a visionary company in the brewing and spirits industry, committed to crafting exceptional, high-quality beverages. Based in the United Kingdom, Renais Spirits focuses on creating premium, innovative products that cater to the ever-evolving tastes of consumers.
Their range includes meticulously crafted spirits and beverages that combine tradition with contemporary flair, offering a unique tasting experience for those seeking sophistication and exclusivity in their drinks. With a passion for innovation, Renais Spirits aims to redefine the future of the spirits industry by blending time-honored methods with modern techniques.
10. MasterChow
- Founded: June 2020
- Location: Delhi, India
- Industry: E-Commerce (Food and Beverage, Food Processing)
- Number of Employees: 11-50
- Total Funding Amount: $8.34M
- Last Funding Amount: $6.5M (Latest Round: November 30, 2024)
MasterChow is an innovative and rapidly growing e-commerce platform specializing in food processing and delivery. Based in Delhi, India, the company is dedicated to offering high-quality, ready-to-eat meals and gourmet food products that cater to modern, busy consumers. MasterChow combines the convenience of e-commerce with exceptional culinary expertise, providing customers with delicious, healthy, and fresh meal options delivered right to their doorstep.
With a commitment to excellence, MasterChow is reshaping the food delivery market by offering unique and diverse meal solutions that blend convenience, taste, and nutritional value. The company has seen significant growth since its inception and is well on its way to becoming a leading name in the food e-commerce space.
Conclusion
These 10 food & beverage startups, each raising $5M–$10M since 2020, are reshaping how we think about nutrition, sustainability, and convenience. With a strong focus on innovation—from plant-based products to tech-enhanced food delivery—they are catering to modern consumer demands and transforming the industry one bite at a time.
FAQs
Q. Are these food and beverage startups only focused on healthy products?
Answer: While many of these startups prioritize health-conscious offerings, they also focus on a variety of consumer needs, including convenience, sustainability, and premium experiences. From low-calorie snacks to gourmet meal delivery, their product range is diverse and caters to different tastes and preferences.
Q. Are these startups available internationally?
Answer: Many of the startups listed are expanding both domestically and internationally. Some, like MasterChow and Renais Spirits, are actively working on scaling their operations to cater to global markets, offering opportunities for international consumers to experience their products.
Q. Can I invest in these startups?
Answer: While some of these startups may offer investment opportunities in the future, it’s essential to research each company and its funding rounds. Some startups may be open to venture capital investments or have plans for future fundraising events. Keep an eye on their progress to stay informed about potential investment opportunities.