Renewal Mill, PBC

Based in the US, Renewal Mill, PBC operates as a food and ingredients company focused on creating upcycled ingredients to reduce food waste and promote sustainable practices. Renewal Mill, PBC specializes in producing upcycled ingredients derived from plant-based foods. Founded in 2016 in Oakland, US, by Caroline Cotto and Claire Schlemme, the company has completed 3 deals. Its most recent funding round in June 2023 raised USD 250,000 from investors including Beyond Impact Advisors and ICA Fund Good Jobs.

The company has raised a total of USD 250,000 to date. Renewal Mill is a food and ingredients company specializing in upcycled ingredients from plant-based foods. Their core products include protein powders, flours, and fibers made from the nutritious pulp discarded during juice production. The company also offers easy-to-use baking mixes that cater to various dietary preferences, targeting health-conscious and environmentally aware consumers in the US and Canada.

Renewal Mill generates revenue through direct-to-consumer sales and partnerships with retailers and wholesalers, including online sales of individual baking mixes and upcycled ingredients. Their pricing plans are tailored to attract both home bakers and professional food brands seeking sustainable solutions. Following its most recent funding round in June 2023, Renewal Mill, PBC plans to broaden its product line and expand operations. The funding will support the development of new products and entry into new markets, particularly within North America.

The company aims to leverage this capital to enhance their offerings and increase their operational capacity.