Unicorn Nest news
GOOD Meat, a Division of Eat Just, Inc., Raises $267 Million, Adds Former USDA Secretary to Advisory Board
– Eat Just, Inc. announced that its GOOD Meat division has secured $97 million in new funding.
– The overall $267 million fundraise is the largest to date in the burgeoning cultivated meat sector, which analysts predict could become a $25 billion global industry by 20301.
– New and previously announced investors include UBS O’Connor, a hedge fund manager within UBS Asset Management; Graphene Ventures; K3 Ventures; Resilience Reserve, a venture capital fund founded by entrepreneur Rob Reid and TED curator Chris Anderson; businessman Fernando Chico Pardo and others.
– GOOD Meat will use the funds to increase capacity and accelerate research and development for high-quality, real meat made directly from animal cells.
– ABG, LLC; BofA Securities, Inc.; Guggenheim Securities and VERSO Capital advised on the transaction.
Unicorn Nest news
GOOD Meat, a Division of Eat Just, Inc., Secures $170 Million to Scale Meat Without Slaughter as Demand Grows
– Eat Just, Inc. announced that its GOOD Meat division has secured $170m in new funding.
– With this transaction, GOOD Meat becomes a subsidiary of Eat Just, which announced a $200m fundraise in March.
– The latest investment from funds managed by UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others, will be used to increase capacity and accelerate research and development for high-quality, real meat without slaughter.
Unicorn Nest news
China’s WeRide secures more funding, pushing valuation to $3.3 billion
– WeRide, a Chinese autonomous driving company, raised “hundreds of millions” in Series C funding.
– The round was led by IDG Capital, Homeric Capital, CoStone Capital, Cypress Star, Sky9 Capital and K3 Ventures, and existing investors CMC Capital Partners, Qiming Venture Partners and Alpview Capital.
– The company intends to use this funding round to invest in R&D and commercialization as it works toward the next-generation of Level 4 driving, a term that means a vehicle can drive without human intervention in some environments and conditions.
– The company is also using the funds to prepare to commercialize its technology.
Unicorn Nest news
Plant-based food startup Next Gen lands $10M seed round from investors including Temasek
– Singaporean plant-based food startup Next Gen raised $10m in seed funding.
– The round was led by Temasek, K3 Ventures, EDB New Ventures (an investment arm of the Singapore Economic Development Board), NX-Food, FEBE Ventures and Blue Horizon.
– The company plans to launch its plant-based “chicken” brand TiNDLE in Singaporean restaurants next month.
