S
Simulate
Produces a chicken nugget alternative made with texturized pea protein technology
About Simulate
SIMULATE, operating under the brand name NUGGS, is a food technology company focused on developing and marketing plant-based meat alternatives. The company was founded in 2018 by Ben Pasternak, a young tech entrepreneur from Australia who had previously gained recognition for developing mobile apps like Monkey and Flogg. Pasternak's transition from tech to food was driven by a desire to apply a software development mindset to nutrition, aiming to create products that could be rapidly iterated and improved, much like software updates. This approach is central to SIMULATE's philosophy, which frames its food products as simulations of their animal-based counterparts, constantly being refined for better taste, texture, and nutritional value.
The company's flagship product line consists of plant-based chicken alternatives, including NUGGS (nuggets), TENDERS (tenders), WINGS, and PATTIES. These products are engineered from a base of soy and wheat proteins to closely mimic the experience of eating traditional chicken. Initially launched through a direct-to-consumer model, SIMULATE has since expanded its distribution channels significantly. Its products are now available in over 40,000 retail locations across North America, including major chains like Walmart, Target, Whole Foods Market, and Loblaws in Canada. This retail expansion represents a key component of its growth strategy, moving beyond its digital-native origins to capture a broader consumer base in the grocery aisle. The business model combines direct online sales with wholesale distribution to retail and foodservice partners.
SIMULATE has attracted considerable investor interest, securing substantial funding to fuel its research, development, and expansion. The company has raised a total of $57 million over several funding rounds. A notable Series B funding round in 2021 brought in $50 million, led by Seven Seven Six, the venture capital firm of Reddit co-founder Alexis Ohanian. This capital has been instrumental in scaling production, growing the team—which includes food scientists and engineers—and pushing new product versions into the market. The company operates within the competitive plant-based food market, targeting a diverse range of consumers that includes not only vegans and vegetarians but also flexitarians and meat-eaters looking for alternative protein sources.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2018
- Headquarters
- San Francisco, United States
- Employees
- 28
- Open positions
- None listed
- Dealroom signal
- 63.2/100
- Industry
- Food
- Sub-industry
- Innovative Food
- Sector
- eCommerce & Marketplaces, Nutrition, Plant-Based, Alternative Protein, Meat Substitute, Direct-to-Consumer, Sustainable Development Goals, Nutrition Solution, Climate Tech, Hard Tech
- Business model
- Marketplace & ecommerce
- Client focus
- b2b, b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Oct 2024 | $0 | — | Ahimsa Companies | ↗ |
| SERIES BOther financing | Jun 2021 | $50M | $260M | Chris Sacca · Day One Ventures · Crystal English Sacca · Seven Seven Six | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Simulate is 320 monthly website visits, down 97.9% over the last three months. Simulate's team grew 0% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
KaranaA whole food plant-based meat brand |
Singapore, Singapore | Operational | 23 | $4.7M | $6.8M |
Meatless FarmProducer of plant-based meat alternatives |
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VoodFrozen plant-based ready meals for home delivery |
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Phuture FoodsDeveloping and producing plant-based meat |
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Fazenda FuturoA plant-based foodtech and lifestyle brand that exists to disrupt the animal-origin meat and dairy industry |
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Redefine MeatUses 3D printing technology, meat digital modeling, and food formulations to produce animal-free meat |
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A18 investors entered at this stage
McCain Foods
ACME Capital
Maven Ventures
Neil Parikh- BPBob Pittman
M Ventures
Rainfall Ventures
NOMO Ventures
Lerer Hippeau
AgFunder- JTJasmine Tookes
Alexis Ohanian
Walter Robb
Chris Sacca
Day One Ventures
Crystal English Sacca
Seven Seven Six
Imaginary Ventures
Other known investors1 additional known investor
Ahimsa Companies
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Simulate 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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