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Prime Roots

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Using fungi as an alternative protein which replicates the taste, texture, and nutrition of meat and seafood products

Berkeley, United StatesFounded 2017Food
Valuation $100–250M Last recorded · 2023
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 Prime Roots and the history behind them.

About Prime Roots

Prime Roots is a food production company focused on developing meat and seafood alternatives using a proprietary koji-based superprotein. The company was founded in 2017 as Terramino Foods by Kimberlie Le and Joshua Nixon and is headquartered in Berkeley, California. The founders, who met at UC Berkeley, were motivated by the environmental and health impacts of the conventional meat industry. Kimberlie Le, the CEO, has a background in food through her mother, who is a chef, and was an agricultural microbiology researcher at UC Berkeley. Joshua Nixon serves as the Chief Technology Officer.

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The company's core technology revolves around Koji, a fungus traditionally used in Asian cuisine to make products like miso and soy sauce. Prime Roots utilizes the natural fibrous structure of koji mycelium (the root-like structure of the fungus) to replicate the microscopic texture and umami taste of animal meat with minimal processing. This method is significantly more sustainable than conventional meat production, with a third-party lifecycle assessment indicating it uses 89-92% less water and land and produces 89-92% fewer emissions. The production process for their deli meats takes only three to five days.

Initially, Prime Roots explored a range of products, including a salmon burger prototype, bacon, and ready-to-eat meals. The company has since strategically pivoted to focus on the deli and charcuterie market, a segment they identified as lacking strong plant-based players. Their business model targets both retail and foodservice channels, offering sliceable, bulk deli meats designed to be a one-to-one swap for operators without needing special equipment or training. This dual approach aims to build brand awareness through placement in delis, grocery stores, and restaurants. The primary target audience consists of flexitarians and omnivores.

The product line covers over 75% of the conventional deli offerings and includes plant-based versions of cracked pepper turkey, black forest ham, salami, pepperoni, bacon, pâté, and foie gras. These products are free from nitrates, preservatives, cholesterol, soy, and gluten. Having secured approximately $50 million in total funding through several rounds, including a $30 million Series B in 2023, Prime Roots is focused on scaling its operations and expanding its nationwide distribution across the United States.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Berkeley, United States
Employees
32
Open positions
None listed
Dealroom signal
63.1/100
Sub-industry
AgriTech, Innovative Food
Sector
Food, Biotechnology, Nutrition, Synthetic Biology, Vegan, Primary Production, Alternative Protein, Meat Substitute, Sustainable Development Goals, Egg Substitute
Technology
Deep Tech
Business model
Manufacturing
Client focus
b2c

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC May 2023 $30M $120M Alumni Ventures · Diamond Edge Ventures · True Ventures · The House Fund ↗
SERIES BEquity / VC Dec 2022 $0 — SOSV · Indie Bio —
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Growth signals

Prime Roots website traffic

Latest recorded traffic for Prime Roots is 5.2K monthly website visits, down 52.7% over the last three months. Prime Roots's team declined 11.1% over the past year.

Latest monthly visits5.2K 3-month web change-52.7% 1-year team growth-11.1%
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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.

Seed3 investors entered at this stage

Series A12 investors entered at this stage

  • Pangaea Ventures
  • Indie Bio
  • Alumni Ventures
  • Diamond Edge Ventures
  • The House Fund
  • Solasta Ventures
  • Prosus Ventures
  • Gaingels
  • TTCP
  • Monde Nissin
  • Hyphen Capital
  • Meach Cove Capital

Other known investors4 additional known investors

  • Plug and Play
  • Spiral Sun Ventures
  • Thiel Fellowship
  • Unreasonable Group
Team profiled 6 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
2 countries with
team presence
🇺🇸 United States80%
🇨🇦 Canada20%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Prime Roots 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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