Plant-Based Companies Are Continues Raising Millions Of Dollars

The movement is thriving and one of the main indicators is the amount of money being invested in brands around the world. 

This week we have a couple of new interesting roundups.

Squeaky Bean 

food brand Squeaky Bean plans to open a second production facility after it secured £5 million (USD 6.8 million). The funds were invested by Winterbotham Darby the parent company.

The monies will be used to build a 48,000-square-foot facility to increase the brand production and distribution capacity. It is estimated it will create more than 100 jobs.

Squeaky Bean offer vegan and deli slices and It is behind the UK’s first scotch egg.

Tom Faulkner, head of at Winterbotham Darby, said in a statement:

“Demand for produce is increasing rapidly and in recent months our operations have been stretched to capacity. Opening our second plant-based factory will help us to fulfil both existing and new opportunities and is testament to our belief in the category,” 

“Our additional production capacity will support strong demand for these products and allow us to introduce these and the rest of the range, to a bigger audience than ever before.”

Vegan Dairy 

Yofix Probiotics, an Israeli vegan dairy brand, just received USD 3.5 million in a recent Series A funding round.  

The investor – The Millennium Food-Tech led the funding round, they also back cell-based meat company Aleph. Dairy giants Müller Ventures and Le Groupe Bel also invested, among others.

Yofix Probiotics produces dairy- and soy-free fermented prebiotic and probiotic food, including vegan spreads, cheeses, and yogurts. They use sunflower seeds, oats, lentils, and to make their products. 

Shandi Global 

Shandi Global a Singapore startup just got USD 750,000 in a seed funding round. The brand will use the funds to build a manufacturing facility in Singapore. 

Eighty percent of the food produced there will be exported to China, South-East Asia, and North America, as well as regions in Africa.

Shandi uses pea protein, chickpeas, flaxseed, brown rice, and green peas to make its vegan meat. It offers shredded pieces, patties, strips, and drumsticks. 

But more options are on the way. CEO Dr. Reena Sharma told FoodNavigator-Asia that the company plans to dip its toes into the snack, dairy, and baby food categories.

Share with friends:

Leave a Reply

Your email address will not be published.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Vegan Diet Can Be Better Than Meds For Your Heart
Eight New Vegan Food Launches: From Mars, Quorn, Greggs, And Many More
How To Avoid Iron Deficiency On A Vegan Diet
Michelin-Star Chef Alexis Gauthier Turns London His Restaurant 100% Vegan
Home Made Almond Milk
YOU MIGHT ALSO LIKE
12 delicious vegan burgers that outperform the big mac
These incredible vegan burgers exceed their animal-based counterparts from Pennsylvania to...
Hollandaise sauce for vegans
Every time, this quick vegan hollandaise sauce comes out perfectly! It’s delicious as...
16 different ways to use nutritional yeast
A plethora of delectable alternatives. From cheesecake to vegan parmesan in a flash, once you’ve...
Delicious Vegan Cheesy Kale Chips
Surprisingly, vegetarian children like munching along the way. Because chips are their favorite,...
Vegan French toast (The addictive version)
Use gluten-free bread and certified gluten-free flour to make this delicious vegan French toast....
The ultimate selection of vegan sneakers
With the assistance of our guide to the finest vegan shoes, you can ditch your sky-high heels...