© Eat JUST

Trade

Eat Just to Pursue Potential IPO to the Tune of $3 Billion?

After recently raising $170 million for the expansion of its cell-based meat division GOOD MEAT, San Francisco startup Eat Just is considering making moves towards an IPO in Q4 of this year or Q1 of the next. With a target valuation of $3 billion, the IPO could potentially establish Just Eat at the forefront of the cell-cultured meat revolution.  According to a report from Forbes, the producer of the industry-disrupting plant-based JUST Egg is targeting “at least” $3 billion in valuation in its potential public listing, with Co-founder and CEO Josh Tetrick confirming an IPO is “definitely getting closer.” Recently named as a “World-Changing Company of the Year” by Fast Company, Eat Just is said to be on track to reach several breakthroughs with its …

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GOOD MEAT Eat Just

GOOD MEAT ©Eat Just

Investments & Finance

Eat Just Secures $170M For Cell-Based Subsidiary GOOD Meat, Prepares for US Market Entry

Eat Just, the San Francisco startup well known for its hugely successful, industry-disrupting JUST Egg, today announces it has raised $170 million in fresh funding for the expansion of its cell-based meat subsidiary GOOD MEAT. With this transaction, GOOD Meat, the world’s first cell-cultured meat to be available to consumers, becomes a subsidiary of Eat Just, which announced a $200 million fundraise this March. “This investment points to what’s ahead: meat without killing animals will replace conventional meat at some point in our lifetimes,” Josh Tetrick Eat Just, recently named as a “World-Changing Company of the Year” by Fast Company, reports that GOOD Meat has been recently focused on staff recruitment, technology and manufacturing infrastructure to meet the surging demand and to prepare for market …

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Future Food Studio Singapore Eat JUST

Future Food Studio Singapore ©Eat JUST

Company News

Eat Just to Build $120M JUST Egg Facility in Singapore, Will Next Focus on Cultured Meat

Eat Just has contacted vegconomist to say the company has signed a $100M+ agreement with a consortium led by Proterra Asia, to meet demand for its mung bean-based JUST Egg in Asia. It is further announced that Eat Just and Proterra are also in discussions to focus as an alliance on the commercial production of cultured meat.

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Oliver Zahn, Climax Foods

Oliver Zahn ©Climax Foods

Company News

Climax Foods, Founded by Astrophysicist and a Former JUST Exec, Raises $7.5 Million to “Out-Compete” Animal Products

California-based startup Climax Foods, a US data science company consisting of founder and astrophysicist Oliver Zahn, co-founder and former sales and operation executive of JUST Inc Caroline Love, and the chemist and Stanford graduate Pavel Aronov, has plans to create a new generation of plant-based food.

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© Eat Just, Inc.

Market & Trends

Vegan Egg Product Segment is Fastest Growing Plant-Based Category, Outperforming Beyond Meat & Oatly

JUST Egg contacts vegconomist to inform us, “We’ve sold the plant-based equivalent of 50 million eggs” – this is not insignificant, and to celebrate we decided to take a look at JUST as well as some of the other popular plant-based egg brands around the planet in this rapidly developing market, disrupting the cruel and unnecessary poultry industry.

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JUST Egg

©Business Wire/JUST

Food & Beverage

JUST Announces Several Global Manufacturing & Distribution Partnerships and Welcomes Two New Board Members

Today, JUST Inc. has announced a list of new partnerships to manufacture and distribute its JUST Egg across North America, Latin America, Europe, and East Asia. The collaborations include South Korea’s SPC Samlip, Southeast Asia’s Betagro Group, Latin America’s Alianza Team, Mexico’s Grupo Bimbo, and global delivery platform Delivery Hero. 

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