The news from 50 vegan publishers and animal rights charities are automatically posted here
News feed updated every 5 minutes

Future Farm Plans to Expand into Alt Dairy Following Epic $58M Series C Raise


November 4, 2021
From Vegconomist
169 views

Future Farm Plans to Expand into Alt Dairy Following Epic $58M Series C Raise – vegconomist – the vegan business magazine


  • November 4, 2021

    1636029558


    Voiced by Amazon Polly

    Following the Brazilian food tech startup’s , Future Farm has now closed a $58 million Series C funding round. The alt meat player is preparing for rapid growth as it continues its expansion in the US and Europe, with alt dairy products also in the pipeline.

    With the company now valued at $400 million, the latest funding brings Future Farm’s total investment raised to $89 million. The Series C funding will be used to expand Future Farm’s range of plant-based meat substitutes into more retail outlets internationally, as well as develop its entire range. This will include the future addition of plant-based dairy products, including a butter alternative. 

    ©Future Farm

    Founded in 2019 – and known as in its home country of Brazil – Future Farm has seen rapid growth after launching products in the US and UK this year. The brand claims to be seeing incredible growth in Europe, with an annual rate of 960%. The winner of Fast Company’s World Changing Ideas 2020, the former head of Red Bull North America Alexandre Ruberti as CEO of its US business.

    “We’re incredibly proud of this investment and those behind it, not only to validate the immense opportunity that exists within the category, but also to mark a new chapter for Future Farm, as we work towards innovating more plant-based offerings to create a portfolio inclusive of meat, seafood, poultry and dairy,” stated , Founder of Future Farm. 

    “In order to change the way the world eats, by making slaughterhouses and animal-protein products obsolete, we will continue bringing consumers into the category with quality, variety and flavor, and delivering joy and deliciousness to the experience of plant-based eating,” he added.




    Source: Vegconomist.com
    Discuss In The Forum


    FOLLOW US
    ON TWITTER
    FOLLOW US
    ON MASTODON
    FOLLOW US
    ON TUMBLR


    PETA-Certified Vegan T-shirts ★ Free Shipping


    Meat is still murder. Dairy is still rape.
    Vegan all star. Defend animals
    Love animals don't eat them
    Anarcho-Vegan
    Vegan hooligans
    Not your mom not your milk - go vegan !
    Meat is murder
    Tofu killer
    Veganism against fascism
    Vegan Antifa

    vegan shirts




    All content sourced from external websites. Opinions are those of the contributors and are not necessarily endorsed by Vegan-news.net or its partners. [Disclaimer]