OAKLAND, CA – Renewal Mill, the next-generation components firm combating local weather change via upcycling, has launched a crowdinvesting marketing campaign with Republic. The award-winning startup main the upcycled meals motion has raised greater than $1.7M so far and can maintain the crowdfunding spherical open till November 30, 2020.
Based by Claire Schlemme and Caroline Cotto, Renewal Mill extracts extra worth out of our present meals system by upcycling meals manufacturing byproducts that may in any other case have gone to waste into premium components. The corporate beforehand raised seed funding to commercialize its first ingredient, natural okara flour, a excessive fiber, gluten-free flour produced from the soybean pulp leftover when soymilk is made.
“Renewal Mill was based with the twin mission of combating meals waste and conserving extra reasonably priced diet within the provide chain,” stated Claire Schlemme, CEO. “International challenges just like the COVID-19 pandemic have spotlighted the necessity for a extra resilient meals system that prioritizes individuals and the planet. By crowdfunding, we’re turning our clients into traders, giving them a direct hand in constructing a extra sustainable meals future for us all.”
Renewal Mill was an inaugural participant within the Techstars Farm to Fork accelerator, the Barilla-backed Good Meals Makers program, and the Meals Methods 6 accelerator. Since its founding in 2016, Renewal Mill’s components have been utilized in modern merchandise by corporations like Pulp Pantry, Humphry Slocombe, and Tia Lupita Meals. The startup has additionally grown its own-branded product line, at present bought in retailers together with Good Eggs, Imperfect Meals, Misfits Market, and Entire Meals.
The Republic marketing campaign will assist fund the commercialization of the corporate’s second ingredient, “oat okara,” a nutritious flour produced from the oat pulp leftover when oatmilk is made, in addition to the enlargement of its “simply add water & oil” vegan, upcycled baking mixes.
Buyers obtain perks equivalent to free Renewal Mill merchandise (brownie combine for all times!), behind the scenes entry to founders and product innovation, and personalised assembly alternatives with the corporate’s product developer, the 5x James Beard Award-Successful cookbook writer Alice Medrich. Funding begins at as little as $50 at www.republic.co/renwal-mill.
Republic operates a household of companies, together with an funding platform that gives retail traders around the globe with compliant entry to curated startups and blockchain tasks. Based in 2016, Republic operates below U.S. fairness crowdfunding rules and is below the supervision of the U.S. Securities and Change Fee and the U.S. Monetary Trade Regulatory Authority. For extra info, please go to www.republic.co, @joinrepublic and www.facebook.com/joinrepublic
Extra details about Renewal Mill and the way to make investments right this moment can be found at: https://republic.co/renewal-mill.
About Renewal Mill
Renewal Mill is a female-led, next-generation components firm that fights local weather change and international meals loss by discovering worth within the neglected and reworking it into a novel portfolio of upcycled components. We’re constructing a brand new round economic system of meals that’s higher for the individuals and the planet we love. Our flagship ingredient is okara, a excessive fiber, excessive protein, gluten-free flour produced from the nutritious soybean pulp leftover once you make soymilk. We use the okara in plenty of plant-based merchandise together with a vegan, soft-baked chocolate chip cookie, a 1-to-1 gluten-free baking flour, and an upcycled brownie combine. To study extra about Renewal Mill and our rising listing of upcycled meals, go to www.renewalmill.com, ‘like’ us on Facebook, or observe us on Twitter, LinkedIn, and Instagram.