# True Essence Foods funding: rounds and investors

> True Essence Foods has raised $28M across 1 round since 2023. Investors include Elevate Ventures. Every round with its source.

Source: https://millionrounds.com/company/true-essence-foods (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *True Essence Foods*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Food & Beverage

Funding summary Updated 26 Oct 2026

**$28M** raised across 1 round since 2023, from 1 source

- **Latest round:** Series B, $28M Aug 2023
- **Investors:** 1

See who backed them

## The rounds

- **Aug 2023** Series B **$28M** [Elevate Ventures](https://millionrounds.com/fund/elevate-ventures-3) Source recorded SEC filing: $28M sold, first sale Jul 2023

## Founders and team

From the SEC filings it signed: 4 on the team.

- **Matthew J. Rubin** Director, Chief Executive Officer, and President i
- **Justin Koji Otani** Chief Financial Officer i
- **Mark Stewart Long** Director and Chairman of the Board i
- **Robert C. McDonald** Director and Secretary i

On the board, as filed i *Andrew J. Walter* *Brad C. Todd* *Elliott C. Parker* *Rajan J. Gajaria*

## Everyone who backed them

[Elevate Ventures](https://millionrounds.com/fund/elevate-ventures-3) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=true-essence-foods).

## Also claim to have backed them

This firm lists True Essence Foods as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Elevate Ventures](https://millionrounds.com/fund/elevate-ventures-2) Angel network Per its own site

## Quick answers about True Essence Foods

### Who invested in True Essence Foods?

True Essence Foods's investors include Elevate Ventures.

### How much has True Essence Foods raised?

True Essence Foods has raised $28M across 1 round since 2023.

### When did True Essence Foods last raise?

True Essence Foods's most recent round was a Series B of $28M in Aug 2023.

### What was True Essence Foods's biggest round?

Its most recent round, $28M in Aug 2023, is also its largest on record.

### Who backed True Essence Foods first?

True Essence Foods's first round on record, in Aug 2023, was backed by Elevate Ventures.

### What stage is True Essence Foods at?

True Essence Foods's latest named round is a Series B, in Aug 2023.

### Where is True Essence Foods based?

True Essence Foods is based in the United States.

## Companies like True Essence Foods

In the same sector, and raised in the last eighteen months.

[**Wilde** $40M · Oct 2026](https://millionrounds.com/company/wilde)[**Dan-O's Seasoning** $25M · Oct 2026](https://millionrounds.com/company/dan-o-s-seasoning)[**Roxberry Naturals** $4.0M · Oct 2026](https://millionrounds.com/company/roxberry-naturals)[**David** $325M · Sept 2026](https://millionrounds.com/company/david)[**GreenLifeTech Corporation** $52K · Sept 2026](https://millionrounds.com/company/greenlifetech-corporation)[**Petit Pot** $1.5M · Sept 2026](https://millionrounds.com/company/petit-pot)

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