RIP Foods Closes its Doors After Four Years, “It Was David Vs Goliath”
Barcelona-based RIP Foods, a B2B plant-based meat startup for foodservice, announces its closure after four years of operations. Kevin Forssmann, the company’s founder, told vegconomist that “despite creating one of the best plant-based meats in the market,” financial difficulties and the inability to secure further funding played a significant role in the company’s closure. He said, “Unfortunately, our space requires funding, and most investors in our space are after IP’s.” RIP (Rich in Plants) started in 2021, offering plant-based chicken mince developed with a fat encapsulation process claimed to mimic the taste and mouthfeel of meat. Initially targeting the HORECA channel supplying chicken mince, the startup switched to ready-to-cook products due to chef demand. In 2022, focusing on Asian street food, RIP introduced Spain’s first plant-based meat …
