What is TerViva?
Founded in 2010 and headquartered in Oakland, California, TerViva specializes in creating tasty and nourishing plant-based food ingredients from the pongamia tree. The company provides patented high-yielding trees and proprietary bean processing to produce sustainable oil and protein food ingredients. TerViva's approach not only addresses the growing demand for plant-based alternatives but also contributes to environmental restoration by utilizing pongamia trees to restore farmland to productive use, thereby supporting farmers and promoting planetary health. The company's focus on sustainable agriculture and food technology positions it as a key player in the evolving food industry.
How much funding has TerViva raised?
TerViva has raised a total of $84.7M across 6 funding rounds:
Series A
$4.1M
Series B
$2M
Series C
$3.6M
Series D
$20M
Debt
$1M
Series E
$54M
Series A (2012): $4.1M, investors not publicly disclosed
Series B (2015): $2M led by Evan Properties
Series C (2017): $3.6M, investors not publicly disclosed
Series D (2019): $20M, investors not publicly disclosed
Debt (2020): $1M backed by PPP
Series E (2021): $54M with participation from Trustbridge Partners, Astera Institute, Jeremy and Hannelore Grantham Environmental Trust, and Evans Properties
Key Investors in TerViva
Trustbridge Partners
Trustbridge Partners is a growth equity investor focused on high-quality opportunities, particularly in China, with a strong emphasis on TMT, consumer, and healthcare sectors.
Evans Properties
Evans Properties is a family-owned agricultural and land-management company with extensive holdings in citrus and cattle, also exploring real estate development and new agricultural ventures.
What's next for TerViva?
With its latest major enterprise-level funding, TerViva is poised for accelerated growth and expansion. The company's strategic objective will likely involve scaling its patented tree cultivation and processing capabilities to meet increasing market demand for its sustainable oil and protein ingredients. Further investment will enable TerViva to broaden its reach, potentially exploring new product development and forging strategic partnerships within the food and agriculture sectors. This significant backing signals strong investor confidence in TerViva's mission to provide environmentally responsible food solutions and its potential to disrupt traditional ingredient sourcing.
See full TerViva company page
