Eat Just Inc. Closes Investment Round, Securing Fresh Funds for JUST Egg & GOOD Meat Divisions
Eat Just, Inc. announces it has secured a new round of financing led by vegan investment fund VegInvest and Ahimsa Foundation, a nonprofit committed to supporting businesses striving to eliminate the use of animals in the food system. This injection of funds will enable Eat Just, Inc. to improve the profitability of its alternative protein products, following the revelation this March that the company was to lay off around 40 staff in its plant-based egg division JUST Egg, in order to reduce costs. Speaking to vegconomist this afternoon, CEO and co-founder Josh Tetrick explained that the funding will also be allocated to enhance the quality of products at both divisions of the company — alt egg leader JUST Egg and cell-cultivated chicken pioneer GOOD Meat …