Australia’s Fable Food Co. has raised US$8.5 million in Series A funding for its minimally processed meat alternatives made from mushrooms. The round was led by K3 Ventures, with participation from former YUM! Brands CEO Greg Creed, SaladStop! founders Frantz Braha and Adrien Desbaillets, and Professor Peter Singer (a founder of the modern animal rights movement). Existing investors Blackbird, AgFunder, and Aera VC also took part. Fable will use the funding to accelerate research and development, launch new mushroom-based products, and continue to expand internationally. North America, the United Kingdom, and Singapore are currently the main areas of focus. “Delicious, clean-label, & sustainable” Fable Food Co. launched in 2020, rapidly expanding across its home country of Australia. The following year, the company raised $6.5 million …
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