Renewal Mill

Renewal Mill

Private
Oakland, CaliforniaEnergy & Sustainabilityhttps://www.renewalmill.com

Last Round

Series A

Jun 1, 2023

Est. Valuation

$7M

Total Funding Raised

$3.74M

Momentum Score

50 /100

Company Overview

Renewal Mill is an upcycled food company that reduces global food loss by transforming byproducts from food manufacturing into high-quality ingredients and plant-based consumer products. Founded in 2016, the company's flagship ingredient is organic okara, a high-fiber, gluten-free flour made from the soybean pulp leftover from soymilk production. It also processes other byproducts like oat and almond pulp. Renewal Mill offers a range of products including baking flours, brownie mixes, and cookies, which are available in retailers like Whole Foods Market. The company's mission is to create a circular economy for food, fighting climate change by ensuring that food produced is used to its highest potential: feeding people. It has raised Series A funding to expand its product lines and retail distribution.

Sector

Energy & Sustainability

Verticals

Sustainable Materials, D2C Brands, Circular Economy, Waste Management

Business Model

B2C

Customer Profile

Services & Consulting

AI Layer

Non-AI

Keywords

upcycled foodupcycled ingredientsfood waste reductionbaking mixesokara flourplant-based foodB2B ingredientscircular economysustainable CPGgluten-free flourfunctional ingredientsfood techfood byproductoat proteinsidestream valorization

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Caplight Momentum Score

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Renewal Mill Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Renewal Mill Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series AJun 1, 2023
Series AMay 4, 2021
CrowdfundingDec 1, 2020
SeedJan 28, 2019
AcceleratorJul 16, 2018

Key People

Founding team and executive leadership

Claire Schlemme

Co-Founder CEO

Founding Team

Renewal Mill Investors

Notable investors and investment history

Renewal Mill Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Renewal Mill Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersOakland, California
Employee Range6
Year Founded2016
Last FundingJun 1, 2023

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