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Alternative meat and dairy companies are raking in investment dollars

22 Jul 2020

While total VC funding is down because of the pandemic, money is pouring into plant-based and alternative meat and dairy startups.

Last week, the Swedish oat milk brand Oatly announced that it had raised $200 million from investors like Blackstone Group and Oprah Winfrey. The prior week, Perfect Day, a company that makes lab-grown ingredients for dairy-free products, including a very realistic version of ice cream, raised $160 million. Earlier in the year, Impossible Foods raised half a billion dollars. A long list of other companies have also raised money during the pandemic, from MycoTechnology, a company that uses a mushroom platform to ferment protein, to Blue Nalu, which is making seafood in bioreactors.

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This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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