News

Parmela Creamery receives $1 million investment

24 Jun 2019

Parmela Creamery has raised over $1 million in a Series Seed financing round led by 25Madison. Other investors include Gather Ventures and Luke Abbott.

The investment will enable Parmela to implement its vision of becoming the brand most known for making plant-based dairy the world's first option.

Parmela Creamery receives $1 million investment

Parmela will also utilize the funds to fuel growth, further strengthen brand awareness and support ongoing innovation.

Since launching in 2014, Parmela says it has grown rapidly due to its superior tasting cheese and nutritional content. Parmela's products are available in thousands of stores including Publix Super Markets, Whole Foods Markets, Wegman's and other leading retailers. Unlike other cheese alternatives, Parmela says that it uses traditional culturing and aging as part of its cheese making process and that allows its cheeses to develop their authentic, rich and creamy flavours, appealing to vegetarians, flexitarians, plant-based consumers and everybody who enjoys healthier options.

"25Madison and Gather Ventures are a perfect match for Parmela," said Ry Salomone, Co-Founder of Parmela. "Their deep knowledge in the food space, serious appreciation for innovative plant-based foods and extensive industry network greatly impressed me. Our vision at Parmela is to honor the heritage of traditional cheese making while supporting a healthier, sustainable future. These visionary partners offer the operating experience and deep connections to help deliver on this vision at scale."

"The plant-based foods industry is seeing tremendous growth," said Steven Price, CEO and Co-Founder of 25Madison. "Parmela will be a national leader in the plant-based cheese category by continuing to focus on its craft process, superior ingredients and sustainability. We are thrilled to partner with Ry, Co-Founder Laurice and the Parmela team to accelerate their next phase of growth."

Related tags

Dairy

Related news

US alternative egg brand cracks European market

US alternative egg brand cracks European market

23 Jun 2025

Just Egg is set to be produced in Europe’s largest plant-based facility as plant-based egg brands look to take advantage of the supply chain crisis.

Read more 
World Food Safety Day shines a spotlight on science

World Food Safety Day shines a spotlight on science

19 Jun 2025

On 7 June, the World Health Organization (WHO) held its annual World Food Safety Day, highlighting the role scientific research and innovation play in supporting consumers’ health.

Read more 
Compostable packaging claims rubbished by regulator

Compostable packaging claims rubbished by regulator

9 Jun 2025

Compostable coffee capsule ads from brands including Dualit and Lavazza Coffee have been banned after the UK’s advertising watchdog deemed them to be "misleading".

Read more 
The winners of Vitafoods Europe Startup Challenge 2025 revealed

The winners of Vitafoods Europe Startup Challenge 2025 revealed

29 May 2025

Four startups – Yomio Drops, PFx Biotech, Revobiom, and Favamole – took top prizes at this year’s Vitafoods Europe Startup Challenge awards.

Read more 
Plant-based proteins ‘have higher levels of chemical contaminants’ due to processing

Plant-based proteins ‘have higher levels of chemical contaminants’ due to processing

21 May 2025

Plant-based proteins have higher levels of chemical contaminants than their animal-based counterparts, but there is no suggestion of “immediate risk” to consumers, say scientists.

Read more 
Nestlé improves nutrition reporting as pressure grows on other food and beverage companies

Nestlé improves nutrition reporting as pressure grows on other food and beverage companies

16 May 2025

Nestlé has urged other major food manufacturing businesses to improve their reporting on the nutritional value of their products.

Read more 
Grocery retail shows cautious optimism and stabilisation

Grocery retail shows cautious optimism and stabilisation

15 May 2025

Health and functionality, personalisation, convenience, advancing technologies, and sustainability dominate the grocery retail landscape and the shoppers of the future.

Read more 
East takes on West in the fight for future food flavours

East takes on West in the fight for future food flavours

30 Apr 2025

Asian and South American flavours are now key components on global menus, driven by a growing global appetite for culinary mashups.

Read more 
How biotechnology is developing novel ingredients of the future

How biotechnology is developing novel ingredients of the future

29 Apr 2025

Fermented ingredients have the potential to change the food sector at a more rapid pace than once thought, a report by global management consultancy McKinsey suggests.

Read more 
Chinese consumers show strong interest in new plant milk types

Chinese consumers show strong interest in new plant milk types

28 Apr 2025

Chinese consumers are prioritising taste and health benefits when purchasing plant milks, with growing interest in ingredients such as nuts, grains, and tubers.

Read more