V2food, the Sydney-based producer of plant-based meats, announces today Monday that it has secured $77 million Australian dollars ($55 million) in series B funding, having already raised $35 million in Series A at the end of 2019. According to Bloomberg, this deal will help V2Food to forge a presence in Asia.
Hungry Jacks
V2FOOD Launches New Meat Alternative for Hungry Jack’s, While Petition is Started About the Product
V2FOOD is an Australian partnership between CSIRO, Main Sequence Ventures and the founder of fast food chain Hungry Jack’s. Together the group now announces its first plant based meat product created for Hungry Jack’s plantbased Rebel Whopper burgers, and it has its sights set on export for the new product.
Australia – Major Market Increase in Vegan Fast-Food
Australia is the third fastest growing vegan market in the world. Sales of packaged vegan food are predicted to reach $215 million by 2020, up from $136 million, according to research company Euromonitor International.