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Hampton Creek Foods, Inc.
IndustryFood technology
Founded2011
FounderJoshua Tetrick and Josh Balk
Headquarters,
United States
Websitehamptoncreekfoods.com

Hampton Creek Foods, Inc. is a food company headquartered in Northern California that focuses on finding new ways of utilizing plants to replace eggs in a variety of different products. Investors include Bill Gates (through Khosla Ventures,[1]), as well as Peter Thiel's Founders Fund,[2] Eagle Cliff Partners[3] and Collaborative Fund.[4] The company was founded in December 2011 by CEO, Joshua Tetrick[5] and Josh Balk, the Director of Food Policy at the Humane Society of the United States.[6][7][8]

Background

Hampton Creek was conceptualized by Joshua Tetrick and Josh Balk in the summer of 2011.[9] The organization received $500,000 in seed funding in December 2011 from Khosla Ventures.[10]

Relocation & Growth

In June 2012, Hampton Creek relocated from Southern California to a facility in downtown San Francisco. Also in June the company received a $1.5 million Series A round of funding from Khosla Ventures. The funds were used to expand the company's headquarters and add additional employees. One of the first new hires was a former Top Chef contestant, Chef Chris Jones.[11] Hampton Creek was selected by Bill Gates to be featured on his website in a feature called, The Future of Food.[12] Hampton Creek also began adding team members with a background in science, such as the lead of the biochemistry team, Joshua Klein, PhD, who worked on HIV drug therapy research prior to working for Hampton Creek.[13]

Products

Hampton Creek's first product is a mayonnaise called Just Mayo.[14] Copackers working with Hampton Creek Foods are located in Tennessee, Washington, and Southern California.[15] Eat The Dough was first featured by Katie Couric's talk show, "Katie," on February 4, 2014.[16] Hampton Creek is also working with numerous corporations on removing eggs from existing products already on the market.[17]

Future

Hampton Creek is working with three undisclosed Fortune 500 companies.[18] The company has a team comprised of several different backgrounds including cuisine, science, and engineering.[19]

References

  1. ^ http://www.khoslaventures.com/sustainability.html
  2. ^ http://www.foundersfund.com/company/hampton-creek
  3. ^ http://www.eaglecliffpartners.com/portfolio-companies.html
  4. ^ http://collaborativefund.com/
  5. ^ Hampton Creek Foods, TechCrunch
  6. ^ Future of Food, The Gates Notes
  7. ^ [1], Forbes
  8. ^ [2], The New York Times
  9. ^ Feltman, Rachel (July 22, 2013). "One Founder's Quest to Eliminate Eggs from Food Supply Chains". Triplepundit.com. It was, in part, through the inspiration of high school buddy and co-founder Josh Balk (an occasional contributor to TriplePundit)– then working for the Humane Society helping corporations increase their use of cruelty-free eggs.
  10. ^ PopSci Q&A: The Quest For The Egg-Free Egg, PopSci
  11. ^ Chris Jones, Chicago Eater
  12. ^ Bill Gates: Food Is Ripe for Innovation, Mashable
  13. ^ Feltman, Rachel (December 17, 2013). "Start-Up Aims to Replace Eggs with More Sustainable Vegetable Proteins". Scientific American. Josh Klein used to work on vaccine development for HIV, but these days he focuses on a different biochemical conundrum: making cakes moist and fluffy.
  14. ^ Venture capitalists are making bigger bets on food start ups. The New York Times. 29 April 2013
  15. ^ Wong, Venessa (October 22, 2013). "How a Vegan Mayo Maker Bulks Up for Whole Foods". Businessweek.com. quickly had to find a manufacturing partner with more capacity than Hampton Creek's 2,400-square-foot facility.
  16. ^ Couric, Katie (February 4, 2014). "Hampton Creek on Katie Couric's 'Katie'". "Katie". {{cite web}}: Cite has empty unknown parameter: |1= (help)
  17. ^ Watson, Elaine (September 13, 2013). "Plant Egg Entrepreneur: We're not in business just to sell products to vegans in Northern California". foodnavigator-usa.com. Manufacturers were telling us that existing egg replacers for bakery in particular were not up to the mark.
  18. ^ Barry, Erin (December 6, 2013). "Cracking the Mystery Behind Chickenless Eggs". finance.yahoo.com. Tetrick told CNBC it is working with three Fortune 500 companies but would not disclose which ones.
  19. ^ Fehrenbacher, Katie (September 11, 2013). "Hampton Creek now selling plant-based eggs at Whole Foods in California". gigaom.com. his team of engineers, chefs and science PhDs.