Sundial Foods Concludes Operations Following IP Sale to European Food Company

Plant-based food startup Sundial Foods has concluded its operations after selling its intellectual property portfolio to a European food company. The decision marks the end of the company's five-year journey of developing chickpea-based plant protein products. Sundial Foods expressed gratitude to its supporters and emphasized its commitment to creating sustainable food solutions. The sale of its intellectual property will allow its innovations to scale further under the stewardship of a larger company with more resources.

Sundial Foods gained attention for its vegan chicken products, which mimicked the texture and experience of traditional chicken. Nestlé was among the company's backers, participating in a $4 million seed round in 2021. The future of Sundial's innovations will now progress under the acquiring European food company, as Sundial Foods officially filed for dissolution with the California Secretary of State on December 19, 2024.