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Simulate

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Produces a chicken nugget alternative made with texturized pea protein technology

San Francisco, United StatesFounded 2018eCommerce & Marketplaces
Valuation $250–500M Last recorded · 2021
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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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 data

At 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

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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 —
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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
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Growth signals

Simulate website traffic

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.

Latest monthly visits320 3-month web change-97.9% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

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

Investors

19 investors on the cap table

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

Series A18 investors entered at this stage

Other known investors1 additional known investor

  • Ahimsa Companies
Team profiled 18 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 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
🇺🇸 United States83.3%
🇨🇦 Canada8.3%
🇷🇴 Romania8.3%
3 countries shown

Market sentiment

Posts on X, past 7 days

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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