Funding

Food Tech Company Medici Brands Raises $250M in Series B Funding

Sep 3, 2026 | By Devin Jacobs

SUMMARY

Medici Brands raised $250M in Series B funding.
The funding will support brand and product expansion.
Medici Brands develops food and consumer products.

Medici Brands, a NYC-based food tech company, has raised $250 million in a Series B funding round co-led by Greenoaks and Valor Equity Partners.

The round also saw participation from Peter Rahal, ICONIQ, and Imaginary Ventures.

The company will use the capital to expand its consumer brands, product portfolio, innovation, and infrastructure.

Funding Snapshot

Metric	Details
Fundraise Amount	$250 Million
Valuation	Not disclosed
Company	Medici Brands
Sector	Food Technology / Consumer Brands
Headquarters	New York City, US

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About Medici Brands

Medici Brands creates food and consumer products by rethinking traditional products. Its portfolio includes David Protein, HallPass and Epogee.

Core offerings include:

David Protein – high protein food products
HallPass – better-for-you confectionery
Epogee – plant-based fat substitute
EPG – reduced-calorie fat ingredient

Core Technologies / Products / Services

Capability/Product	Application/Use Case
David Protein	High-protein food products
HallPass	Lower-calorie confectionery
Epogee	Plant-based fat replacement
EPG	Provides traditional fat taste and texture with fewer calories

Leadership Comments

"We are not interested in telling people to stop eating the foods they love," said Peter Rahal, CEO of Medici Brands. "We want to improve public health by making those foods smarter: lower calories, less sugar, no compromise on taste or experience.

"Two years ago, David Protein showed customers they no longer had to choose between great macros and great taste, and it became one of the fastest-growing CPG brands in America," said Neil Shah, Partner at Greenoaks. "But that was never the whole ambition. Now, Medici is bringing that approach to the rest of the store, building a house of brands that delivers the taste consumers adore, without making the compromises they have grown to accept.