Investments & Acquisitions

Japan’s DAIZ Raises Over $47M to Build Facility for Plant-Based “Miracle Meat”

DAIZ, a plant-based meat company headquartered in Japan, has raised 7.1 billion yen (about $47.44 million) in a Series C funding round. The capital is made up of a combination of loans and equity funding. The funds will be used to construct a new 40,000-square-meter production site in Kumamoto, which DAIZ claims will be the largest plant-based meat facility in Japan. Operations are expected to begin in February 2025, with the facility eventually manufacturing 20,000 tons of the company’s plant-based “Miracle Meat” per year. Through the construction of the new facility, DAIZ hopes to expand the domestic market for its products and accelerate its overseas export strategy. The company also aims to revitalize the local economy through the creation of job opportunities. The new funding …