Tao Zhang, Co-founder of Dao Foods provides commentary and unique insight into the Chinese plant-based market and its recent developments.
Chinese plant-based protein food technology company Starfield this Tuesday announced the completion of a US$100 million Series B financing round. The company also announced that its first production base and self-built factory will be located in Xiaogan, Hubei. This round is the fifth round of funding for Starfield since its foundation in 2019, reflecting the rapid development of the plant-based protein food technology sector in China. In 2020, Starfield completed a Series A round, bringing its total funding to over $10 million and making it the fastest-growing plant-based brand in China. Vegan Beef for the Chinese market Starfield has created a product called Master Black Pepper Plant-based Beef with whole meat texture, which is reportedly close in taste and texture to beef pastrami, at a …
A 2,000-word article titled Diners Develop a Taste for Meat Alternatives was published today in the China Daily website, referring to latest developments of a number of domestic and international plant-based meat companies, including Beyond Meat, OmniFoods, Z-Rou, Zhenmeat and Starfield, in mainland China.
Chinese alt-meat brand Starfield has completed its Series A financing round, bringing its total funding to over $10 million. The company previously received funding from Dao Foods and New Crop Capital. Following the new investments, Starfield is now the fastest-growing plant-based brand in China.
It was announced yesterday that China-focused impact investor Dao Foods International, in partnership with New Crop Capital, an early investor of Beyond Meat and over 30 other alternative protein ventures around the world, has invested in Starfield Food and Science Technology Limited. This marks NCC’s first investment in China.