Fast-growing Chilean brand NotCo SpA., the leading food-tech company in Latin America backed by key investors such as Jeff Bezos, is preparing for a fresh funding round this year where it predicts a fourfold increase in sales for 2021 and states it will aim for unicorn status. “It has to be for a valuation of $1 billion,” CEO Matias Muchnick said to Bloomberg. “We won’t budge from there.”
Bezos Earth Fund Commits $60M to Establish Centers for Sustainable Protein
The Bezos Earth Fund, launched in 2020 by Amazon founder Jeff Bezos, has pledged $60 million to establish several Bezos Centers for Sustainable Protein. The Centers will address technological challenges facing the alternative protein industry, with the aim of reducing costs, increasing nutritional benefits, and improving quality. The latter may involve enhancing flavor and texture through cell biology and engineering innovations, according to a media alert from the organization. The announcement was made at Aspen Ideas: Climate by Lauren Sánchez, Vice Chair of the Bezos Earth Fund and Jeff Bezos’ fiancée. She said technological innovations would be necessary to find solutions for climate change. The investment is part of the Bezos Earth Fund’s $1 billion commitment to improving the sustainability of the food system, which …
