Farming Investment Funds
Lotus Foods Secured Substantial Funding from Grounded Capital
Lima Kalim — July 17, 2024
Lotus Foods has disclosed that it has received a $22.5 million investment from Grounded Capital, an investment firm headquartered in San Francisco dedicated to deploying capital to promote healthy social, ecological, and financial systems.
Lotus Foods is an innovative company that specializes in traditional, organic, and sustainable rice farming and is a leading producer of rice-based noodles.
Grounded Capital's investment will help Lotus Foods expand its business by investing more across its value chain. This means it will start buying from new rice farming communities worldwide and broaden its customer base. As part of this investment, the CEO, Stephen Hohenrieder, and Principal, William Culler-Chase, will join Lotus Foods' Board of Directors. This is a significant moment for the company, which has grown considerably over nearly three decades without much outside investment.
