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New School Foods

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Whole-cut seafood, made from plants - to advance the transition to a sustainable, alt-protein food system

Toronto, CanadaFounded 2020Food
Valuation $50–100M Last recorded · 2026
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for New School Foods and the history behind them.

About New School Foods

New School Foods is a pioneering startup in the food technology sector, specializing in the creation of plant-based alternatives to traditional meat products. Their flagship product is a plant-based salmon fillet that closely mimics the taste, texture, and nutritional profile of wild salmon. This is achieved through their proprietary muscle fiber and scaffolding technologies, which recreate the structure of a salmon fillet using plant-based ingredients.

The company operates in the rapidly growing market of plant-based foods, catering to a diverse clientele that includes environmentally conscious consumers, vegetarians, vegans, and those looking to reduce their meat consumption for health reasons. Their business model revolves around the development and commercialization of their innovative food products, with revenue generated through sales to both individual consumers and restaurants.

New School Foods' unique selling proposition lies in their advanced food science technology, which allows them to create plant-based meat alternatives that are virtually indistinguishable from the real thing. Unlike many other products in the market, their plant-based salmon is not pre-cooked, but rather uses a cold-based processing technology, offering a more authentic cooking and eating experience.

The company is also committed to sustainability, positioning their plant-based alternatives as a better choice for the environment. They have partnered with leading food science universities to further develop their novel processing and scaffolding technologies, signaling a commitment to continuous innovation.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2020
Headquarters
Toronto, Canada
Employees
27
Open positions
2
Dealroom signal
71.9/100
Industry
Food
Sub-industry
Innovative Food
Sector
Food, Plant-Based, Alternative Protein, Sustainable Development Goals, Seafood Substitute, Climate Tech, Bluetech Related, nt
Business model
Manufacturing
Client focus
b2c

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AOther financing Jun 2026 $11M $42M Verdex Capital · Lever VC · Good Startup · IKEA GreenTech AB ↗
SEEDOther financing Aug 2024 $6M $60M IKEA · Newtree Impact · Hatch Blue · Good Startup ↗
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

New School Foods website traffic

Latest recorded traffic for New School Foods is 2.3K monthly website visits, down 37.8% over the last three months. New School Foods's team declined 6.9% over the past year.

Latest monthly visits2.3K 3-month web change-37.8% 1-year team growth-6.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

17 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed15 investors entered at this stage

  • Government of Canada
  • Protein Industries Canada
  • Clear Current Capital
  • Hatch Blue
  • Blue Horizon
  • Lever VC
  • Climate Capital
  • Good Startup
  • Joyance Partners
  • Alwyn Capital
  • FoodHack
  • BaseCamp Ventures
  • Joyful Ventures
  • IKEA
  • Newtree Impact

Series A2 investors entered at this stage

  • Verdex Capital
  • IKEA GreenTech AB
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇨🇦 Canada92.9%
🇦🇹 Austria3.6%
🇮🇪 Ireland3.6%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about New School Foods on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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