Israeli Startup Food Tech Yo! Egg will debut in the United States
Israeli food tech startup Yo! Egg, which has developed plant-based poached and fried eggs (also known as sunny-side-ups), has announced plans to launch in US restaurants later this year, following a recent $5 million seed funding round.
The company’s seed round was led by food technology-focused venture capital firm Stray Dog Capital and NFX, alongside contributions from Surround Ventures and Secret Chord Venture. Yo! Egg uses this initial capital to increase production and emerge in the American market.
Founded in 2019 by credentialed vegan chef Yosefa Ben-Cohen, experienced foodservice operator and entrepreneur Nisim Ben-Cohen, and food tech executive Eran Groner, Yo! Egg aims to disrupt the conventional egg industry and eliminate the need for chicken farming. It is a pioneer in the sustainable production of eggs for all types of culinary applications, first offering the “whole egg” experience in the form of sunny poached eggs for egg-eating consumers. but would prefer a more animal-friendly, sustainable, and cholesterol-free option.
Restaurants and distributors will have the chance to taste the range of Yo! Egg products at the National Restaurant Association show in Chicago until May 24. Following the company’s American debut, Yo! Egg will supply its products to restaurants and eateries in the greater Los Angeles area within the year.
“They O! Egg team has a unique blend of extraordinary product innovation expertise and engineering talent that we believe will help our company revolutionize the way the world produces and consumes eggs,” said Yo!Egg CEO Eran Groner.
“With hundreds of millions of people around the world demanding plant-based alternatives for their favorite proteins, Yo! Egg’s one-of-a-kind eggs will be a hit in restaurants nationwide,” said Gigi Levy-Weiss, partner NFX General “I trust Eran, Yosefa, Nisim and the team they have assembled to transform the $200 billion egg market.”
“With over 95 billion eggs consumed each year in the United States and each egg requiring 53 gallons of water to produce, we need a better solution,” said Stray Dog Capital partner Johnny Ream. “”Yo! Egg has developed one of the most impressive plant-based products we’ve seen to date, and we believe the product innovation and scale the company is pursuing will give them the potential to generate significant growth and impact.