A new online grocery store called PlantBelly has launched in the US, offering customers a range of innovative plant-based products. The store stocks alt-meat and alt-dairy products, pantry staples, snacks, and more.
Guest Post: Investors Discuss Benchmarks for Funding Alt Proteins in 2024
Alex Shandrovksy is a strategic advisor to numerous global food tech accelerators and companies, including leaders in alternative proteins and cellular agriculture. His focus is on investor relations and post-raise scale for agrifood tech companies. In this article, he interviews investors about benchmarks for funding alt proteins in 2024. Spurred by a record-high Beyond Meat valuation of $12 billion and low interest rates, the plant-based industry raised $5 billion in 2021. Fast forward two years, and we are in a very different reality. Beyond Meat’s stock has dropped 90%+ of value and currently trades at $500 million. Interest rates went from a historical low of .25% to a 20-year high of 5.5%, further limiting access to investment funding. This reality means that plant-based companies that …
