Chunk Foods Raises $15M in “Biggest Ever” Israeli Seed Round to Begin Scaling Whole-Cut Plant-Based Steak
Israeli startup Chunk Foods reveals it raised $15M in seed funding in November, in what the startup calls the “biggest ever” seed funding round for an Israeli plant-based company. Led by Fall Line Capital, The MIT E14 fund, and Robert Downey Jr. ‘s FootPrint Coalition, the raise will be used to construct one of the largest plant-based whole cuts factories in the world, which is set to be completed in Summer 2023. According to Chunk, the new state-of-the-art facility will be capable of producing millions of plant-based steaks every year. Made with minimally processed ingredients, Chunk says its steak offers the same meaty bite, texture and umami flavors of conventional beef. Using fermentation technology, the company says it is able to produce whole-cut products with …