Plant-Based Investments Heating Up
Victoria Campisi, The Food Institute
Jul 13, 2021
Investments into the plant-based meat industry have risen rapidly of late, with the industry raising over $1.4 billion in 2020 alone, according to a report from IDTechEx.
The industry is optimistic that these trends will continue into 2021 and beyond, with plant-based meat looking increasingly set to disrupt the $1 trillion global meat industry.
Below is a deeper dive into several notable investments in the plant-based space this summer:
Food technology company Motif Foodworks recently completed a $226 million, Series B funding round to bring plant-based food technologies to the market.
The company plans to increase research and development capabilities; scale and commercialize its food technologies; and expand its footprint. Motif’s food technology focuses on improving the taste and texture of plant-based alternatives. Recently, it secured partnerships with the University of Guelph and Coasun Inc. for technologies that create melting and stretching characteristics in plant-based cheeses, for example.
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