Specifically, Big Idea Ventures has completed a bridge note financing in No Evil Foods.
“We are excited for the opportunity to lead this investment in No Evil Foods,” said Tom Mastrobuoni, Chief Investment Officer of Big Idea Ventures. “As the pioneers in clean-label, plant-based foods, Sadrah and Mike have been breaking down barriers for their fellow founders. They have built and brought incredible tasting products to the market and we are proud to be their partners in the next stage of their growth.”
Sadrah Schadel, Chief Creative Officer at No Evil Foods, added: “In an increasingly competitive fundraising landscape, we are thrilled to have the support and endorsement of Big Idea Ventures. The team recognizes our clean label innovation and commitment to sustainability as an asset.”
Related: Maximizing Plant-Based Sales Plant Based World Expo 2021 Returns to NYC Investors Acquire MetagenicsMike Woliansky, No Evil Foods’ CEO, also commented, stating: “This round of bridge financing will support the company through a necessary evolution in our business model, ultimately strengthening the long-term stability of the company. We’ve successfully completed the first step of that pivot and we’re looking forward to growing our community of investors and achieving our goals.”
Abby Lyall, Vice President at Big Idea Ventures, concluded: “We believe that No Evil Foods’ clean label brand promise is an incredible selling point for consumers and the plant-based industry. We’re excited to see new distribution partnerships, product launches and manufacturing strategy catalyze the company’s growth.”