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

Hampton Creek is a food company headquartered in Northern California that focuses on finding new ways of utilizing plants to make food healthier and more affordable in a variety of different products. Primary investors include, Li Ka-Shing's Horizons Ventures, Khosla Ventures,[1] Peter Thiel's Founders Fund,[2] Eagle Cliff Partners[3] the Collaborative Fund, and Jerry Yangamongst others.[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]

History

Background

Hampton Creek was founded by Joshua Tetrick and Josh Balk in the summer of 2011.[8] The organization received $500,000 in seed funding in December 2011 from Khosla Ventures.[9]

Relocation & Growth

In June 2012, Hampton Creek relocated from Southern California to a facility in Northern California. 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.[9] Hampton Creek was selected by Bill Gates to be featured on his website in a feature called, The Future of Food.[10][11] Hampton Creek also began adding team members with a background in science, such as the former lead of the biochemistry team, Joshua Klein, PhD, who worked on HIV drug therapy research prior to working for Hampton Creek.[12]

In July 2014, Hampton Creek announced that Dan Zigmond, formerly lead data scientist at Google Maps, is becoming their VP of Data Science.[13]

Funding

On February 17, 2014, Hampton Creek announced it had raised $23 million in Series B funding. The funding round was led by Li Ka-shing's venture capital firm, Horizons Ventures Limited.[14][15][16][17][18] Other participants in the round include Yahoo! co-founder Jerry Yang,[15] Google Inc's Jessica Powell,[17] Ali and Hadi Partovi,[17] Scott Banister, Ash Patel,[18] as well as Hampton Creek's early investors Khosla Ventures, Collaborative Fund, Kat Taylor, and Tom Steyer’s Eagle Cliff.[18] CEO Joshua Tetrick announced that Hampton Creek would use the funds to continue its growth in North America, establish a presence in Asia, build strategic partnerships, and grow its team.[14][17] The Series B funding round brings the company's total funding to date to $30 million.[17]

Products

Hampton Creek's first product is a mayonnaise called Just Mayo.[19] Eat The Dough was first featured by Katie Couric's talk show, "Katie," on February 4, 2014.[20] Hampton Creek is also working with several corporations on removing unhealthy ingredients from existing products already on the market.[9]

References

  1. ^ "Portfolio: Sustainability". Khosla Ventures. Retrieved February 12, 2014.
  2. ^ "Hampton Creek Foods". Founders Fund. Retrieved February 12, 2014.
  3. ^ "Portfolio Companies". Eagle Cliff Partners. Retrieved February 12, 2014.
  4. ^ "Collaborative Fund". Retrieved February 12, 2014.
  5. ^ Ha, Anthony (February 13, 2013). "Khosla-Backed Hampton Creek Foods Launches Beyond Eggs, A Genuinely Convincing Egg Replacer". TechCrunch. Retrieved February 12, 2014.
  6. ^ Mac, Ryan (December 16, 2013). "Bill Gates' Food Fetish: Hampton Creek Foods Looks To Crack The Egg Industry". Forbes. Retrieved February 12, 2014.
  7. ^ Bilton, Nick (October 20, 2013). "Disruptions: Silicon Valley's Next Stop: The Kitchen". Bits blog. Retrieved February 12, 2014.
  8. ^ 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.
  9. ^ a b c 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.
  10. ^ "The Future of Food". The Gates Notes. March 18, 2013. Retrieved February 12, 2014.
  11. ^ Bill Gates: Food Is Ripe for Innovation, Mashable
  12. ^ 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.
  13. ^ Buhr, Sarah (July 3, 2014). "How A Former Google Data Guy Could Change What We Eat For Breakfast". TechCrunch.com. {{cite web}}: Cite has empty unknown parameter: |1= (help)
  14. ^ a b Jon Swartz (17 February 2014), Food tech startup gobbles up $23 million in funding, USA Today, retrieved 19 February 2014
  15. ^ a b Ryan Mac (17 February 2014), Egg Replacing Startup Hampton Creek Foods Raises $23 Million From Asia's Richest Man And Yahoo Cofounder Jerry Yang, Forbes, retrieved 19 February 2014
  16. ^ Alec Liu (18 February 2014), Asia’s Richest Man Is Betting Big On Silicon Valley’s Fake Eggs, VICE Magazine, retrieved 19 February 2014
  17. ^ a b c d e Lora Kolodny (17 February 2014), Hampton Creek Raises $23M to Make Eggs Obsolete, The Wall Street Journal: Venture Capital Dispatch, retrieved 19 February 2014
  18. ^ a b c Anthony Ha (17 February 2014), Plant-Based Food Startup Hampton Creek Foods Raises $23M Round Led By Horizons Ventures, TechCrunch, retrieved 19 February 2014
  19. ^ Wortham, Jenna; Miller, Claire Cain (April 28, 2013). "Venture Capitalists Are Making Bigger Bets on Food Start-Ups". The New York Times. Retrieved February 14, 2014.
  20. ^ Couric, Katie (February 4, 2014). "Hampton Creek on Katie Couric's 'Katie'". "Katie". {{cite web}}: Cite has empty unknown parameter: |1= (help)

Further reading

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