Dartmouth-based Outcast Foods, which makes powdered food products from rejected produce, has closed a $10 million funding round, half of which came from the fund led by Arlene Dickinson of Dragons’ Den fame.
Outcast will use the money to expand its plant in Dartmouth and build a plant in Southern Ontario that will have the capacity to generate up to $30 million in revenue annually. That will allow Outcast to go after more international clients, including the multi-national food producer Nestle.
The company issued a statement Tuesday saying it received an equity investment of $5 million from