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Food and Agriculture Series B Founded 2014

Banza

Banza is a food technology company that produces chickpea-based pasta, pizza, and waffles as nutritious, gluten-free alternatives to traditional wheat-based products. The company replaces wheat with chickpeas to create foods that are higher in protein and fiber while being lower in carbohydrates, offering healthier versions of popular comfort foods. Banza products maintain the taste and texture of traditional pasta…

📍 Detroit, United States · Food & Beverage Products,

Funding snapshot

Last roundSeries B
Amount$20M
Date15 November 2019
Total raised$29M
Team size103

About

Banza is a food technology company that produces chickpea-based pasta, pizza, and waffles as nutritious, gluten-free alternatives to traditional wheat-based products. The company replaces wheat with chickpeas to create foods that are higher in protein and fiber while being lower in carbohydrates, offering healthier versions of popular comfort foods. Banza products maintain the taste and texture of traditional pasta and pizza while providing significantly better nutritional profiles, making healthy eating more accessible and appealing to mainstream consumers. The company products are distributed through major grocery retailers across the United States, expanding the market for plant-based, nutrient-dense food alternatives. Founded in 2014 and headquartered in Detroit, Michigan, Banza has raised $28.8 million in Series B funding from investors including Enlightened Hospitality Investments, Union Square Hospitality Group, and Prelude Growth Partners.

Business model

Food Tech > Novel Foods > Food Products > Pasta and Pizza > Chickpea Based,

Food & Beverage Products > Convenience Foods > Pasta and Noodles > Chickpea Based

Institutional investors

Enlightened Hospitality Investments Union Square Hospitality Group Prelude Growth Partners Beechwood Capital Strand Equity Partners RSE Ventures Innovation Fund America Vayner/RSE Invest Detroit DGNL Ventures Litani Ventures ID Ventures Rosecliff Ventures SWAT Equity Partners Ambridge Capital

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