© Glenn Lacey
Food-tech start-up Rebellyous Foods has raised $6 million in a Series A funding round, co-led by Clear Current Capital, Fifty Years and Liquid 2 Ventures, with participation from other investors.
The US-based firm develops production technology for the plant-based meat industry and says that the new funding will be used to progress its work on replicable, novel equipment and standardised facilities.
The company also produces plant-based nuggets and plans, following the successful funding round, to invest in product development to broaden its portfolio.
Additionally, capital will be used to accelerate its manufacturing scaleup and hire equipment and mechanical engineers at the company’s Seattle research facility.
“Bird flu, swine flu, and now Covid-19 demonstrate that keeping large numbers of animals in close contact with one another presents a tremendous risk for global health,” said Rebellyous’ founder and CEO Christie Lagally.
“However, to transition away from our heavy dependence on meat, it’s critical that we make plant-based meat affordable and widely available through innovative production technology.
“At Rebellyous, our mission is to make plant-based meat that is better than animal meat in every way, from price and convenience to taste and nutrition.”
As part of the investment round, Fifty Years’ founding partner Ela Madej joined the board at Rebellyous.
“It’s our mission at Fifty Years to partner with companies solving the world’s biggest problems. We have been Rebellyous’ early supporter and I can’t be more excited to join the company’s board,” said Madej.
“We need a pandemic-proof food system that can meet the nutritional needs of our growing human family. We’re also happy to support job creation in a time when many other businesses are having to lay off workers.”
© FoodBev Media Ltd 2024