Israeli food-tech startup SavorEat has raised $4.75 million in capital in two financing rounds. With these investments, the company plans to develop a new generation of meat alternatives using customised 3D printing technology.
Venture investments in alternative protein companies have almost doubled in 2020, according to investor network Farm Animal Investment Risk & Return (FAIRR). In just the first seven months of the year, $1.1 billion was invested in plant-based meat alternatives compared to $457 million last year. Investment in cultured meat has been almost three times greater than in 2019.
The Very Good Food Company Inc, which owns The Very Good Butcher, the second plantbased meat company to go public last month, announces it has entered into an agreement with Canaccord Genuity Corp. to purchase an aggregate of 4,000,000 units at a price of $1.30 per Unit for a total offering of $5,200,000.
Ittella International, formed in 2019, has merged with the special purpose acquisition firm Forum Merger II Corporation to sell plantbased convenience foods under the brand Tattooed Chef. The company will be listed on Nasdaq at some point during this quarter of 2020, under the name Tattooed Chef, Inc.
Canada’s Modern Meat, a female-led plant-based meat alternative company, goes public today with the ticker CSE:MEAT. This news comes just a week following the public listing of The Very Good Butcher, making Modern Meat the world’s third plantbased meat producer to go public and the first to be run by women.
Following the success of Beyond Meat’s IPO last year, The Very Good Food Company (VGF) was the second plant-based company to successfully launch onto the stock market when it began trade began under the ticker “VERY” on 18th June. Investor Eat Beyond Global Holdings has announced it has already seen a 790% increase in share price.
Online business and consumer platform Vegan Arborist has begun its mission to facilitate and grow the plant-based market, setting out to curate funding and business development services with a focus on sustainability. The platform is designed to link up, support, educate and promote businesses, consumers and investors in the plant-based world.
Financialnewsmedia.com has released a press release listing the best plantbased stocks to watch this year, citing the fact that fast food giants like McDonald’s, Burger King, White Castle, and Dunkin, are creating sizable opportunity for various other companies either in or joining the plantbased market.