AgFunder Announces $20m Alternative Protein Fund and Releases Investor Whitepaper

 

Source: AgFunder 

via Business Wire - November 05, 2019

 

SAN FRANCISCO--(BUSINESS WIRE)--AgFunder today announced a new $20 million alternative protein fund to give investors an opportunity to invest in the next generation of startups creating animal-free products for food and other industries. In conjunction, AgFunder has also published a free industry whitepaper that surveys the alternative protein market.

 

 The fund will invest in startups across the alternative protein landscape including plant-based meats and dairy, cultivated meat, and startups creating picks and shovels for the industry. Investment is open to Accredited Investors, family offices, and institutions.

 

“An investor who put $1 million into Beyond Meat’s Series A selling today could realize a 316x return; and Impossible Foods is poised to follow a similar trajectory,” said founding partner Rob Leclerc. “But in a $2.17 trillion market for animal products, we believe there are still many new opportunities to create new multi-billion dollar companies.”

 

Key stats from the white paper include:

 

- More than half the world’s population is now considered middle class or wealthier and will increase to ⅔ of the population by 2030. Middle classes typically eat more meat and protein.

 

- To provide enough meat to the world at the current U.S. consumption levels of 99.5kg/capital this would require 88% more farmland than is available today.

 

- Even if current global consumption of 44kg/capital remains static, 100% of global farmland would need to be directed to animal agriculture in coming years.

 

- Animal-derived products were worth $2.17 trillion in 2018 and we estimate it will grow 4.7% CAGR to nearly $3 trillion by 2025.

 

- By 2025, 10% of meat supply could be plant-based and by 2040, as much as 60% of meat supply will be alternatives (35% cultivated meat and 25% plant-based) making conventional meat a nice market.

 

- 66% of cultured meat startups have at least one female founder, compared to just 17% across venture industries, and 10% of cultured meat startups were founded exclusively by women.

 

To learn about investing in the fund, AgFunder’s investment thesis, or to download the free 41-page whitepaper for an in-depth look at the industry’s macro drivers visit:

 

https://agfunder.com/invest/protein-fund/

 

About AgFunder

 

Founded in 2013 and based in San Francisco, AgFunder is one of the most active foodtech and agtech VC firms globally.

 

Contacts

 

Rob Leclerc, founding partner, rob@agfunder.com, +1 917 873 3037

 

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