Siddhi Capital is a growth equity firm specializing in the food and beverage sector, focusing on visionary entrepreneurs and innovative companies that are transforming the consumer packaged goods landscape. The firm combines its investment acumen with deep operational expertise, facilitated through a strategic partnership with Siddhi Ops, to accelerate growth and enhance value for its stakeholders. By leveraging smart capital and extensive industry knowledge, Siddhi Capital aims to support and propel brands in the competitive food and beverage marketplace.
PoLoPo is a biotech company focused on large-scale production of plant-based proteins and free amino acids. By utilizing directed metabolic engineering techniques, PoLoPo develops a specialized "superAA" plant that maximizes the natural capacity of plants to function as metabolite and protein factories. This innovative approach not only enhances the production of amino acids but also leads to a significant increase in the yield of proteins derived from plant organs. The company's efforts align with the growing demand for non-animal-derived proteins, promoting nutritious, climate-friendly food options for consumers.
Immi
Series A in 2023
Immi is a food product manufacturer intended to provide instant ramen with low net carb and high protein. The company's products include high fiber, low sodium, plant-based, and keto-friendly instant ramen, providing healthy quick meal to consumers.
Paleo
Series A in 2023
Paleo is a food ingredient company focused on developing innovative, animal-free heme proteins for plant-based meat and fish alternatives. Utilizing precision fermentation, Paleo produces bio-identical heme proteins that are non-GMO and replicate the sensory and nutritional qualities of their animal-derived counterparts. This technology allows businesses to create sustainable food products that not only taste and feel like real meat or fish but also align with ethical considerations by avoiding harm to animals. Through its commitment to bioscience, Paleo aims to enhance the flavor and appeal of plant-based foods, contributing to a healthier and more sustainable food system.
MeliBio
Funding Round in 2022
MeliBio, Inc. is a technology-driven company that focuses on producing vegan nectar products as a sustainable alternative to traditional honey. Founded in 2020 by Aaron M. Schaller, PhD, and Darko Mandich, MeliBio utilizes advancements in plant biology, precision fermentation, and synthetic biology to create honey without the involvement of bees, thereby addressing concerns related to biodiversity and the environmental impact of commercial beekeeping. The company, headquartered in Oakland, California, aims to provide food producers with molecularly identical nectar alternatives that are healthier and do not rely on bee farming. In 2023, MeliBio expanded its offerings by launching its consumer brand, Mellody, further promoting its innovative approach to honey production. TIME recognized MeliBio's pioneering methodology as one of the Best Inventions of 2021.
Magic Spoon
Series B in 2022
Magic Spoon Inc. is a food company that specializes in producing and selling low-carbohydrate, keto-friendly cereals targeted towards adult consumers. Established in 2019 and based in Brooklyn, New York, Magic Spoon offers a variety of flavors including fruity, cinnamon, cocoa, and frosted. The cereals are designed to be nutritious, incorporating ingredients such as protein while avoiding gluten, grain, wheat, soy, and artificial sweeteners. Instead, they utilize natural sweeteners like allulose, which has no glycemic impact, along with stevia and monk fruit. The company primarily sells its products online, catering to health-conscious individuals seeking a convenient and enjoyable breakfast option.
Mid-Day Squares
Series C in 2022
Mid-Day Squares is a manufacturer of chocolate nutrition bars, recognized for creating the first functional chocolate bar. The company focuses on providing healthy snacking alternatives by producing a variety of protein bars made from real chocolate. These bars are designed to be nutritious, containing protein, fiber, and organic ingredients while being raw, vegan, and gluten-free. Mid-Day Squares aims to help consumers maintain their fitness goals while satisfying their mid-meal hunger in a health-conscious manner.
MycoTechnology
Series E in 2022
MycoTechnology is a food technology company based in Aurora, Colorado, that focuses on enhancing the flavor and nutritional value of agricultural products through fungi-based food-processing platforms. Founded in 2013, the company addresses various challenges in the food, beverage, and flavor industries by utilizing gourmet fungi and mycelial fermentation. One of its notable products, ClearTaste, is an all-natural, GMO-free, organic bitter blocker that is both Kosher and Halal certified, designed to improve the taste of various agricultural products. In addition, MycoTechnology offers myceliated chocolate and works with robusta and arabica coffee beans, developing and licensing technology to enhance their flavor profiles. By integrating these innovative solutions, the company aims to help food producers incorporate healthier ingredients and strengthen their brand associations.
MeliBio
Seed Round in 2022
MeliBio, Inc. is a technology-driven company that focuses on producing vegan nectar products as a sustainable alternative to traditional honey. Founded in 2020 by Aaron M. Schaller, PhD, and Darko Mandich, MeliBio utilizes advancements in plant biology, precision fermentation, and synthetic biology to create honey without the involvement of bees, thereby addressing concerns related to biodiversity and the environmental impact of commercial beekeeping. The company, headquartered in Oakland, California, aims to provide food producers with molecularly identical nectar alternatives that are healthier and do not rely on bee farming. In 2023, MeliBio expanded its offerings by launching its consumer brand, Mellody, further promoting its innovative approach to honey production. TIME recognized MeliBio's pioneering methodology as one of the Best Inventions of 2021.
New Age Meats
Series A in 2021
New Age Meats is a biotechnology company that develops healthy cultivated meat grown from animal cells instead of animal slaughter.
Immi
Seed Round in 2021
Immi is a food product manufacturer intended to provide instant ramen with low net carb and high protein. The company's products include high fiber, low sodium, plant-based, and keto-friendly instant ramen, providing healthy quick meal to consumers.
Thistle
Series B in 2021
Thistle is a healthy food and juice company that delivers fully-prepared, plant-forward meals to the doorsteps of its customers. It makes eating nutritious, organic, and local foods incredibly convenient and accessible. They believe that by removing the major existing hurdles to consumers (no time to make a meal; too expensive to eat healthy; bad local options), they can empower our customers to make great choices for themselves, their family, and the environment. It was founded in 2013 and is based in San Francisco, California.
New Age Meats
Seed Round in 2020
New Age Meats is a biotechnology company that develops healthy cultivated meat grown from animal cells instead of animal slaughter.
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