SIMPLi secures initial seed round funding

Daily Record Staff//August 24, 2021//

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SIMPLi, the Baltimore-based ingredients brand, announced Tuesday it has secured an initial seed round of funding.

The funding round was led by the Abell Foundation, which invests in Baltimore-based companies that offer attractive returns and environmental and social benefits.

Other funding included backing from like-minded companies and investors including Seth Goldman, co-founder of Eat the Change and Honest Tea, and chair of the board of Beyond Meat. Since its launch in early 2020, the company is on track to increase its year-over-year revenue by six times.

Founded in 2020 by Sarela Herrada and Matt Cohen, SIMPLi is an ethically sourced ingredients company. SIMPLi works directly with the growing communities in Peru, Greece and other countries to source single origin, nutrient-dense ingredients.