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Food and Beverage Food Processing North America Organic Food

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.

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Food and Beverage Food Processing North America

CHKN Not Chicken Raises Undisclosed Series A Funding

– CHKN Not Chicken is a Portland OR-based chicken alternative company.
– Company raised an undisclosed amount in Series A funding.
– The round was led by Stray Dog Capital.
– The company intends to use the funds to launch its product assortment into retailers across the U.S. and expand partnerships with Quick Serve and Casual Dining restaurants to bring customized, plant-based chicken products to the food service channel.

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Consumer Applications Food and Beverage Food Delivery Food Processing North America Subscription Service

CookUnity whips up nationwide expansion following $47M round

– CookUnity, a subscription-based meal delivery startup, raised $47m in Series B funding.
– The round was led by Insight Partners and joined by Endeavor Capital and previous investors IDCV, Fuel Ventures and Gaingels.
– The company has now raised a total of $70m since its inception in 2018.

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Food Processing North America Nutrition

Plantible Raises $21.5M in Series A Funding

– Plantible is a San Diego CA-based food-tech/biotech company.
– Series A funding round raised $21.5m.
– The round was led by Astanor Ventures with participation from Piva Capital, CJ CheilJedang, Good Friends, Bradley Horowitz (SVP of Product at Google), Trevor Martin (Founder of Mammoth Biosciences) and Chris Bryson (Founder of Unata), Vectr Ventures, Lerer Hippeau, eighteen94 capital (Kellogg Company’s venture capital fund), FTW Ventures and Unshackled Ventures.
– The company intends to use the funds to build its first commercial facility to launch and commercialize its product in 2022.

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Food and Beverage Food Processing Health Care Manufacturing North America

Russell Westbrook, Chainsmokers join group pouring $13.5M into prebiotic soda brand Poppi

– Poppi, a prebiotic soda brand, raised $13.5m in Series A2 funding.
– The participants in the round were CAVU Ventures and sports and entertainment celebrities like Russell Westbrook, the Chainsmokers, 24kGoldn, Kygo, Halsey, Kevin Love, Ellie Goulding, Olivia Munn, Nicole Scherzinger, Chantel Jeffries, Bryce Hall, Noah Beck, Josh Richards, Griffin Johnson and Blake Gray.
– The company is on a mission to lead in the new category of “functional soda” by offering a better-for-you product that also tastes good.

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Food and Beverage Food Delivery Food Processing North America

WoodSpoon Raises $14M in Series A Funding to Deliver Home-cooked Food from Local Home Chefs

– WoodSpoon, the home-cooked delivery service connecting local home chefs with customers craving homemade food, has raised $14m in Series A.
– The funding led by Restaurant Brands International (RBI) with participation from World Trade Ventures (WTV), Victor Lazarte and other individual investors.
– The company intends to use the funds to accelerate growth through R&D, marketing and the doubling of its team in order to expand into new markets.

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Australia and Oceania Food and Beverage Food Processing Sustainability

v2food raises €45M in Series B Funding

– v2food is an alternative protein company based in Sidney, Australia.
– The company raised €45m in Series B extension funding.
– The round was led by Astanor Ventures, with participation from China’s leading e-commerce platform for services as a new strategic investor, as well as existing investors Huaxing Growth Capital Fund, Main Sequence and ABC World Asia.
– The new investment will be used to bring the company’s plant-based meat products to Europe and Asia.

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Food and Beverage Food Processing Personal Health Western Europe

Planted raises another $21M to expand its growing plant-based meat empire (and add schnitzel)

– Swiss alternative protein company Planted has raised its second round of the year, a CHF 19 million (about $21 million at present) “pre-B” fundraise that will help it continue its growth and debut new products.
– A U.S. launch is in the cards eventually, but for now Planted’s exclusively European customers will be able to give its new veggie schnitzel a shot.
– The latest advance is schnitzel, which is of course a breaded and fried piece of pounded-thin meat style popular around the world, but especially in the company’s core markets of Germany, Austria and Switzerland.
– Planted’s schnitzel is produced as one piece, not pressed together from smaller bits.

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Food and Beverage Food Processing North America

Nobell Foods Scores $75M Series B Round

– Nobell Foods has secured a $75m Series B financing round.
– The round was backed by Andreessen Horowitz, Breakthrough Energy Ventures.
– Others joining this round include: Unovis, Germin8 Ventures, Fifty Years, AgFunder, Pear VC, GL Ventures, the venture capital arm of Hillhouse Group, and Mission Bay Capital.
– The company plans to launch its cheeses to the public by the end of next year.

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Food Processing North America Organic Food

Rise Gardens grows with $9M Series A to help anyone be an indoor farmer

– Rise Gardens, an indoor, smart hydroponic company, raised $9m in Series A funding.
– The round was led by TELUS Ventures and joined by True Ventures, Amazon Alexa Fund, and Listen Ventures.
– The company has a total of $13m in venture-backed investments since Rise was founded in 2017.

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B2B B2C Food and Beverage Food Processing North America

FreshRealm Raises $32M in Funding

– FreshRealm, a Ventura CA-based fresh meals solution company, raised $32M in funding.
– The backers participating in the round were not disclosed.
– The company will use the capital to bolster its facilities, product and infrastructure to accelerate the rollout of national fresh meals destinations in retail grocery.

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Food and Beverage Food Processing Organic Food Retail Southeast Asia

Next Gen Foods to launch its plant-based chicken in the U.S. after raising a $20M seed extension from investors like GGV

– Singapore-based Next Gen Foods will bring its plant-based chicken alternative to the United States after raising a $20m seed extension.
– Investors included GGV Capital, Bits x Bites, Yeo Hiap Seng, Chris Yeh, and Dele Alli.
– The first $10m was already the largest seed funding ever raised by a plant-based food tech company, based on data from Pitchbook, and now the round totals $30m.
– Part of the funding will be used to fill 50 roles in the U.S. for its research and development, sales, supply chain and finance and marketing teams.

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Consumer Goods Food and Beverage Food Processing North America

Meati Foods Secures $50M Series B

– Meati Foods, a leader in clean, whole-cut alternative meats from San Francisco, announced the closing of its $50m Series B.
– The oversubscribed round was co-led by new investor BOND and long-time Meati investor Acre Venture Partners.
– They were joined by other existing investors, including Prelude Ventures, Congruent Ventures, and Tao Capital.

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Artificial Intelligence Big Data Food and Beverage Food Processing Information Technology Life Science Machine Learning North America SaaS Software Supply Chain Management

Native.AI Raises $1.75M in Strategic Pre-Seed Funding

– Native.AI is a real-time market and consumer intelligence platform provider.
– The company raised $1.75m in strategic pre-seed funding.
– Backers included current and former leaders at several top companies and government agencies including Blue Apron, The Kellogg Company, USDA and more.
– The new funding will be used to develop the company’s AI-powered platform to uncover, analyze and act on customer feedback to improve product offerings.

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Food and Beverage Food Processing Fruit North America Organic Food

RIND® CLOSES $6.1 MILLION FUNDING ROUND LED BY VALOR SIREN VENTURES

– RIND®, makers of functional and sustainable whole fruit snacks, announced the closing of a $6.1m Series A capital raise led by Valor Siren Ventures, an early-stage investor in sustainability, food, food technology, retail, and retail technology, along with a follow-on investment from Melitas Ventures.
– RIND® has disrupted the dehydrated snack category with its “skin-on superfruit” that maximizes nutrition, minimizes food waste and helps combat childhood hunger through a newly launched school snacks campaign.
– RIND® grew revenues five-fold in 2020 and expects to more than triple sales this year while expanding its retail presence to over 3,000 locations.

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Biotechnology Food and Beverage Food Processing North America Nutrition

Nuggs creator Simulate raises $50M

– Simulate, a meat alternative company, raised $50m funding.
– The round was led by Alexis Ohanian’s 776 Ventures and joined by other investors.
– It brings the company to a valuation of $260m.
– Funding will go towards expanding the company’s headcount.

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Food Delivery Food Processing Western Europe

Dark Kitchen Startup Curb Raises €20M in Funding

– Curb is a Stockholm, Sweden-based dark kitchen startup.
– The company raised €20m in funding.
– The round was led by Point72 Ventures and EQT Ventures.
– The new investment will be used to invest in technology and to continue to grow its operations.

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Food and Beverage Food Processing Manufacturing North America

Opopop Raises $5M in Series A Funding

– Opopop is a new popcorn brand.
– The company closed its $5M Series A funding.
– The round was led by Valor Siren Ventures and attracted new investor – Peter Rahal, founder of RXBAR.
– The new investment will be aimed at product development.

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Food and Beverage Food Processing Manufacturing North America

Daring Raises $40M in Series B Funding

– Daring is a plant-based chicken maker based in Los Angeles.
– Company raised $40M in Series B funding.
– The round was led by D1 Capital Partners with participation from Drake and existing investors Maveron and Palm Tree Crew.
– The new investment will be used to triple the company’s internal team by the end of 2021 and scale its retail and foodservice growth.

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Food and Beverage Food Processing North America Organic Food

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.

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Coffee E-Commerce Food Processing North America Retail Subscription Service

Seattle startup Bean Box raises $2.4M as pandemic fuels demand for specialty coffee at home

– Bean Box, a Seattle startup that delivers premium coffee from independent roasters, has raised $2.4m in new funding as part of a Series A round.
– The round was led by Kirby Winfield’s Ascend.VC, with a number of other current investors participating.
– Bean Box previously raised $3.2m in seed financing.
– The startup will use the new cash for strategic growth — investing in its coffee subscription business and hiring senior leaders in marketing, engineering and operations.

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Europe Food and Beverage Food Processing Local Business

Meatable Raises $47 Million Series A to Continue Scaling Trajectory and Expand its Product Portfolio with Beef

– Meatable has closed $47m in Series A funding.
– Consortium consists of Dr. Rick Klausner, Section 32, Dr. Jeffrey Leiden, and DSM Venturing.
– Existing investors, such as BlueYard Capital, Agronomics, Humboldt, and Taavet Hinrikus, show continued support.
– Meatable sees great potential in its technology and is betting on the company to solve the industry’s scalability and speed-to-market challenges with its patented opti-ox™ technology.
– Meatable aims to produce cultivated meat for which no animals are slaughtered, fewer GHG emissions are released, and less land and water are required.

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Food and Beverage Food Processing North America Nutrition Organic Food

Eat Just Closes $200 Million in New Funding to Accelerate Growth

– Eat Just, Inc. announced that it has secured $200m in a new funding round led by the Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar; joined by private investment firm Charlesbank Capital Partners and Vulcan Capital, the investment arm of the estate of Microsoft co-founder and philanthropist Paul G. Allen.
– The industry-leading food tech startup, which has raised more than $650m since its founding in 2011, will add QIA and Charlesbank to its Board of Directors.
– BofA Securities, Inc., acted as lead placement agent and ABG, LLC, advised on the investment that will be used to build capacity for Eat Just’s pioneering products; accelerate research and development programs and build its brands in key international markets.

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Food Delivery Food Processing Information Technology Logistics North America Supply Chain Management

Lineage Logistics Raises $1.9 Billion in New Equity to Fund Investment in Global Network Capacity and Industry-Leading Technology

– Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.9 billion in equity from new and existing strategic partners.
– Participating investors include BentallGreenOak, D1 Capital Partners, Oxford Properties, CenterSquare Investment Management, MS Tactical Value and Conversant Capital, OP Trust, Cohen & Steers, among others.

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Asia Food and Beverage Food Processing Organic Food Retail

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.

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Europe Food and Beverage Food Processing

Mosa Meat completes $85m Series B investment round

– Mosa Meat completes $85m Series B investment round.
– The round was led by Blue Horizon Ventures and includes Nutreco and Jitse Groen.
– Mosa Meat will use the funds to extend its current pilot production facility at its home in Maastricht, develop an industrial-sized production line, expand its team, and introduce delicious cultivated beef to consumers.
– This third closing of $10m brings the total raised in the round to $85m.

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3D Technology Asia Food and Beverage Food Processing

Redefine Meat Raises $29M in Series A Funding

– Redefine Meat is a Rehovot, Israel-based alt-meat company.
– Company closed a $29m in series A funding.
– The round was led by Happiness Capital and Hanaco Ventures, joined by CPT Capital, as well as other new international investors including Losa Group, Sake Bosch, and K3 Ventures.
– The new investment will be used to expand its meat portfolio and support its commercial launch and international growth in 2021, on the back of the slated completion of a large-scale production facility for its industrial 3D Alt-Meat printers set for later this year.

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Food and Beverage Food Processing North America Snack Food

Rule Breaker Snacks Secures Funding

– Rule Breaker Snacks, maker of vegan, gluten-free, allergy-friendly treats, announced Bimbo Ventures, has made a minority investment in the company.
– Grupo Bimbo is the world’s largest baking company.
– Rule Breaker Snacks manufactures wholesome, clean-ingredient snacks that are vegan, gluten-free, kosher, nut-free, non-GMO, and free from the top eleven allergens including dairy, eggs, sesame, soy and wheat. All Rule Breaker Snacks feature chickpeas as the first ingredient and are packed with protein and fiber.

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