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.
Read the full article here.
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