Plant-based cheese company Nobell Foods has raised $75 million in a Series B fundraise, as it looks to accelerate the growth of its brand.
The California-based company, which was launched in 2017, makes plant-based casein protein found in genetically modified soybean as a way to contribute to the taste and texture of the brand’s cheese.
Nobell plans to use the funding to increase its internal team, farming partnerships, scale production, and to launch its product. The firm aims to release its cheeses by the end of 2022.
Led by venture capital company Andreessen Horowitz, investment groups Breakthrough Energy Ventures and FootPrint Coalition Ventures, as well as several other participants, Nobell has now received over $100 million in total.
© FoodBev Media Ltd 2021
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