Canada’s No Meat Factory Closes $42M Series B to Revolutionize Plant-Based Protein Manufacturing
No Meat Factory, a leading Canadian manufacturer of plant-based proteins, announces the closing of a massive $42M in Series B funding led by Tengelmann Growth Partners. With the latest round, No Meat plans to take on the global alt-protein market by making plant-based products more affordable for mainstream consumers. Beginning in North America, the company will embark on expanding its production footprint and building out manufacturing capabilities for the global market. No Meat will also continue to make significant investments in its global R&D organization that focuses on commercializing the latest innovations in alternative proteins. Founded in 2019, No Meat produces a wide selection of plant-based protein products for its brand partners, ranging from burgers and chicken nuggets to whole-muscle alternatives. In addition to its …