From the http://blog.soylent.me/
We are thrilled to announce that Soylent has received $20 million in Series A funding led by Andreessen Horowitz with participation from Lerer Ventures, Index Ventures and individual investors including David Friedberg, CEO of The Climate Corporation. Chris Dixon, general partner at Andreessen Horowitz, will also join Soylent’s board. This is a huge leap forward for our company, and we are humbled by the trust our investors and all of you have put in Soylent as we continue to grow.
With this funding, our team will have the opportunity to accomplish many of our short and long-term business goals. First and foremost, we will be significantly expanding our manufacturing and shipping capabilities. This process has already begun with two new manufacturers that will ramp up our production to more than fifty times its previous rate allowing us to vigorously tackle our order backlog while working toward imminent real-time shipping fulfillment. As always, we will also continue our ongoing product development efforts and biotechnology research to provide you with the most efficient, sustainable staple food on the market.
Like most start-ups, we have experienced growing pains, running the gamut from product development to fulfillment issues. Working with Chris Dixon, the entire Andreessen Horowitz team, and all of our seed and angel investors has been an invaluable experience for our organization. Their guidance and support has been instrumental in our progress thus far, and will continue to be as our business grows and evolves.
Below please find posts from Rob and Chris Dixon that explain this deal in detail and what it means for Soylent and the food tech industry: