Livekindly Collective, a multi-brand plant-based food company, has raised $135 million in a funding round led by Blue Horizon Corp. The majority of proceeds will be used to increase capacity and accelerate the 2021 nationwide U.S. launch of portfolio brands The Fry Family Food Co., LikeMeat, and Oumph! whose products are currently available in select markets across Europe, Africa, and Australia, and develop new products, including plant-based chicken and eggs.
“Global consumer demand for plant-based meat alternatives is growing rapidly, creating a meaningful opportunity for investors, and our focus on chicken alternatives addresses a massive global need,” said David Knopf, chief financial officer at Livekindly Collective, in a statement. “Our plans to accelerate business growth not only meets the demand of consumers for healthier and more environmentally friendly products, but also creates an attractive investment opportunity behind a purpose-driven business model.”
Related: GrubMarket Secures $60 Million in Funding; Mosa Meat Closes $55 Million Funding Round.
from Specialty Food News https://ift.tt/3o6TdEP
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