After seeking professional advice, Grater decided to put the company into voluntary liquidation.
It had 11 shareholders at the time of liquidation, including Icehouse Ventures, which had a minority share of 8.29%.
Icehouse Ventures chief executive Robbie Paul said its ArcAngels fund – which was established to invest in women-led start-ups – invested $80,000 in Grater Goods’ pre-seed round in 2021.
“We were aligned to their mission to make plant-based food that was healthier, kinder, and tastier.
“We valued Flip and her co-founder’s experience and connections in the food and beverage space and their ambition to build a valuable and high-impact business.”
But he said that despite a lot of hard work and support the founders were not…