Chicago’s Nature’s Fynd has netted a huge $350 million in series C funding this week in a round led by SoftBank’s Vision Fund 2.
The company saw new investors that include Blackstone Strategic Partners, Balyasny Asset Management, Hillhouse Investment, EDBI, SK Inc. and Hongkou, as well as all existing investors.
Nature’s Fynd is known for its Fy Protein, a fungi-based protein that they use for a variety of different meals. The protein makes sure you get all 20 essential amino acids, vitamins, minerals and fibre and is chock-full of flavour. Currently, the brand offers meatless breakfast patties suitable for vegans with 20g less fat than original cooked pork sausage patties. They also offer a dairy-free cream cheese using the same Fy Protein, with no artificial flavours or preservatives.
The fungi-based food is a great alternative to meat production as it provides a more sustainable farming method that uses less land, water and energy.
The money raised will be used to expand Nature’s Fynd’s production capacity, partnerships and product portfolio. This means the company will be able to output more units of food while simultaneously expanding its product line.
Nature’s Fynd is already a resounding success having already raised $508 million in funding since 2012. We look forward to seeing where they go next!
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