Plant-Based Shrimp Maker New Wave Foods Closes Its Doors
New Wave Foods, the maker of plant-based shrimp, is no longer in business. According to a General Assignment document, dated November 15, 2023, the company is “unable to pay its debts in full, and has decided to discontinue its business.”
Although founded in 2015, it wasn’t until 2019 that New Wave made a big splash. Tyson Ventures, a corporate venture subsidiary of Tyson Foods, announced their investment in the plant-based company in September of that year. By 2021 New Wave Foods had completed...
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