Hirschler Client Nutriati Secures Multimillion-Dollar Investment To Expand Production and Add Jobs

12.11.2019

Hirschler salutes firm client Nutriati on securing a $12.7 million investment that will allow the Henrico-based company to expand production and add jobs. Ben English and Steven Skaist were pleased to assist Nutriati with investor due diligence and corporate governance issues, the negotiation of transaction agreements, and compliance with federal and state securities laws.

Founded in 2013 as a tenant in the Virginia Bio+Tech Park in downtown Richmond, Nutriati developed a process to use chickpeas as a high-protein, nonallergenic substitute for milk, meat, eggs or wheat in foods such as pasta, nondairy cheese, baked goods and snacks. The company sells its chickpea protein and flour to food companies under the Artesa brand.

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