Breaking
Renewal Mill upcycles tofu's leftover pulp into premium gluten-free flour Series A initial close led by Beyond Impact Advisors, 2023 Whole Foods named upcycled food a Top 10 Trend of 2021 Co-founded the world's first upcycled food certification Okara, oat pulp, corn fines & green bananas - waste becomes flour Renewal Mill upcycles tofu's leftover pulp into premium gluten-free flour Series A initial close led by Beyond Impact Advisors, 2023 Whole Foods named upcycled food a Top 10 Trend of 2021 Co-founded the world's first upcycled food certification Okara, oat pulp, corn fines & green bananas - waste becomes flour
Company Dossier Oakland, CA · Est. 2016 · Benefit Corp

Food-Waste Ingredients · Climate CPG

Renewal Mill

The company that looked at the food industry's leftovers and saw a pantry. Okara, oat pulp and ugly bananas, milled into flour worth baking with.

2016Founded
2Co-Founders
5+Byproduct Streams
PBCBenefit Corp
Renewal Mill logo
The mark of a company that mills what the rest of the food system throws away. The name is a small joke with a straight face: renewal, milled.
01

The Trash Was the Business Plan

A juice bar, a mountain of pulp, and a question nobody was asking

Here is a fact about the modern food system that sounds like a rounding error until you multiply it out: a very large fraction of the fiber and protein in what we grow never reaches a human mouth. It gets pressed out, strained off, and hauled away as byproduct - okara from soymilk, spent pulp from oat milk, fines from milling corn, whole bananas too green or too ugly for a grocery shelf. This is not spoilage. It is perfectly good, nutrient-dense food that the manufacturing process simply routes to the loading dock instead of the aisle. Renewal Mill's entire proposition is that this routing decision is a mistake, and a lucrative one to fix.

The company was founded in 2016 by Claire Schlemme, who arrived at food waste the way most founders arrive at their obsessions - by being personally annoyed by it. Before Renewal Mill, she co-founded Boston's first organic juice company. Juicing is a machine for producing waste: you extract the liquid and you are left, every single day, with a heap of nutritious produce pulp and no good use for it. That heap sat in the back of her mind. The story goes that she had a conversation with a tofu maker who had the identical problem at a much larger scale - soymilk production leaves behind okara, a dense, protein-rich pulp - and the two of them bonded over the shared indignity of throwing away food. Where the tofu maker saw a disposal cost, Schlemme saw a supply chain.

That is the whole trick of Renewal Mill, and it is worth being precise about why it is clever. The company did not have to convince farmers to grow anything new. It did not have to invent a novel crop or a lab-grown substitute. It found streams of food that already exist, that manufacturers are already paying to get rid of, and inserted itself as the party that turns a liability into an ingredient. In corporate-finance terms, they went looking for negative-cost inventory. You do not find much of that lying around.

“We want to ensure that 100% of the food we produce is put to its best and highest use - feeding people.” - Renewal Mill, on its mission

Schlemme did not build it alone. Caroline Cotto joined as co-founder and COO, bringing a resume that reads like a policy briefing: work on childhood-obesity initiatives connected to the Obama-era White House, and rice fortification with the UN World Food Programme. If Schlemme is the founder who felt the waste problem in her hands, Cotto is the operator who has thought hard about nutrition and food systems at national scale. A pastry chef with sustainability credentials rounded out the early kitchen. The blend matters: this is a company that has to be equally credible to a food scientist, a grocery buyer, and a home baker deciding whether the brownie is any good.

And the brownie is the point. Renewal Mill's flagship consumer product is a Dark Chocolate Brownie Mix made with okara flour - the soybean pulp left over from tofu. The radical thing about it is how unradical it tastes. Plenty of sustainable products ask the buyer to accept a worse experience as the price of virtue. Renewal Mill's bet is the opposite: hide the sustainability inside a product that competes on flavor, and let the environmental math be a bonus the customer discovers later. A brownie that happens to fight food waste sells better than food waste that happens to be a brownie.

The company is structured as a benefit corporation - a PBC - which means the mission is written into its legal charter rather than bolted onto its marketing. It is women-owned. And it did something most ingredient startups never bother with: it helped write the rulebook for its own category, co-founding the Upcycled Food Association and the first-ever certification standard for upcycled food. When your industry has no definitions, you can either wait for someone to impose them or you can pick up the pen. Renewal Mill picked up the pen.

2016Year Founded
OaklandHeadquarters
Series ALatest Round
~$4MEst. Annual Revenue
02

What They Actually Make

A product roadmap that reads like a compost bin - in the best way

2018

Okara Flour

Gluten-free, high-fiber, high-protein flour milled from the soybean pulp left behind by soymilk and tofu. The founding product.

2019

Dark Chocolate Brownie Mix

The flagship consumer product - a genuinely good brownie that happens to be built on okara flour.

2020

1-to-1 Gluten-Free Baking Flour

A cup-for-cup organic blend built on upcycled ingredients, launched into retail for everyday baking.

2021

Green Banana Flour

Made from whole, unripe, off-spec bananas - rich in resistant, prebiotic starch and otherwise landfill-bound.

2021

Oat Protein & Oat Flour

Upcycled from the pulp left over when oats become oat milk - closing another plant-milk waste loop.

Next

Corn Fines & Pineapple Fiber

On the roadmap: corn milling fines and pineapple cores from juicing. As the company likes to put it, okara is just the beginning.

03

Two Businesses Wearing One Coat

The model

Renewal Mill runs a hybrid that most CPG founders would consider one business too many. On one side it sells finished consumer goods - flours and baking mixes - direct-to-consumer online and through grocers like Whole Foods and Bristol Farms. On the other it operates as a B2B ingredient supplier, selling upcycled flour by the pallet to other food brands. Pulp Pantry, for instance, uses Renewal Mill okara flour to boost the fiber and upcycled content of its grain-free chips.

The two sides feed each other. The consumer brand proves the ingredient tastes good and builds a story a grocery buyer can repeat. The B2B side turns that same ingredient into volume, which is what actually moves the food-waste needle. It is a small team - roughly six people - doing the work of two companies, which is either admirable focus or a standing to-do list, depending on the day.

The money

Seed '18
$1.5M+
HG Ventures '19
$2.5M
Crowdfund '20
~$1.7M
ICA Fund '21
$250K
Series A '23
Beyond Impact

Bars indicate relative round size; figures are drawn from public reporting and are approximate.

When Renewal Mill needed to scale its upcycled oat flour, it ran a community crowdfunding raise - turning the customers who ate the product into the shareholders who owned it. - On its 2020 Republic campaign
04

The Timeline

2016

Renewal Mill is founded

Claire Schlemme launches the company to upcycle food-manufacturing byproducts into ingredients.

2018

Okara flour debuts

The first product - flour milled from soymilk pulp - reaches market, backed by early capital.

2019

$2.5M from HG Ventures

A strategic investment from The Heritage Group's venture arm funds the scale-up.

2020

Customers become investors

A community crowdfunding raise funds expansion of the upcycled oat flour line.

2021

ICA invests; category goes mainstream

ICA Fund adds $250K as Whole Foods names upcycled food a Top 10 trend of the year.

2023

Series A initial close

Beyond Impact Advisors leads the first portion of the round, with ICA Fund participating.

05

Backers, Partners & Wins

Achievements

  • Named a Top 10 Trend of 2021 by Whole Foods (upcycled food)
  • Co-founded the Upcycled Food Association and its first-in-the-world certification
  • Techstars Farm to Fork accelerator alumnus
  • Turned customers into shareholders via community crowdfunding
  • Closed the initial part of its Series A in 2023

Partners & Investors

Upcycled Food Association Pulp Pantry HG Ventures ICA Fund Beyond Impact Advisors Techstars Farm to Fork

Competitive set: upcycled and functional-flour makers like Pulp Pantry, Upcycled Foods Inc. (ReGrained) and Barnana, plus conventional gluten-free brands such as Bob's Red Mill and King Arthur.

06

Questions People Actually Ask

What does Renewal Mill make?

Upcycled gluten-free flours and baking mixes - including okara flour, green banana flour, and a dark chocolate brownie mix - made from the fiber- and protein-rich byproducts of food manufacturing.

What is okara?

Okara is the nutrient-dense pulp left over when soybeans are processed into soymilk and tofu. Renewal Mill mills it into a high-fiber, high-protein, gluten-free flour instead of letting it go to waste.

Who founded Renewal Mill?

Claire Schlemme (CEO) and Caroline Cotto (COO) founded the company in 2016. Schlemme previously co-founded Boston's first organic juice company.

Where is Renewal Mill based?

It is headquartered in Oakland, California, and operates as a women-owned benefit corporation (PBC).

How can I buy Renewal Mill products?

Directly through renewalmill.com and at select grocery retailers. The company also supplies its upcycled ingredients in bulk to other food brands.

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