To boldly go… NotCo raises $85m to expand plant-based empire, gears up for US market entry

By Elaine Watson

09-Sep-2020 Last updated on 09-Sep-2020 at 16:43 GMT

NotCo-raises-85m-to-expand-plant-based-empire-gears-up-for-US-market-entry.jpg

L-R CMO Flavia Buchmann, COO Jose Menendez, CEO Matias Muchnick, and CTO Karim Pichara (picture courtesy of NotCo)

Santiago-based food tech company NotCo has closed an $85m Series C funding round co-led by Future Positive and L Catterton,* and is gearing up for a move into the US market in late 2020 or early 2021.

Related news

Climax Foods raises $7.5m: ‘We want to replace animals as inefficient factories for converting plants into meat and dairy’

01-Sep-2020

By Elaine Watson

Making the next-generation of plant-based foods might not be rocket science, but it will take a hefty dose of data science, predicts the astrophysicist behind Climax Foods, a Berkeley-based startup on a mission to reverse engineer animal foods and...

Impossible Foods hits back at ‘disingenuous, desperate disinformation campaign’ as Lightlife attacks ‘hyperprocessed’ ingredients

26-Aug-2020

By Elaine Watson

In an open letter slammed by Impossible Foods as cynical and disingenuous and dismissed by one commentator as a “PR stunt,” Lightlife Foods has attempted to distinguish itself from ‘food tech’ rivals in the plant-based meat arena by positioning itself as...

Impossible Foods raises another $200m; products under development include milk and steaks

14-Aug-2020

By Elaine Watson

Impossible Foods has raised $200m in a Series G funding round led by new investor Coatue, with participation from existing investors including Mirae Asset Global Investments and Temasek as well as new investor XN. The move brings its total funding since...