Published On: Wed, Mar 24th, 2021

Eat Just (the alt-protein association before famous as Hampton Creek) has lifted another $200 million

Eat Just, a purveyor of eggless eggs and mayonnaise and a initial government-approved businessman of lab-grown chicken, has lifted $200 million in a new turn of funding, a association said.

The appropriation was led by a Qatar Investment Authority, a emperor resources account of a state of Qatar, with additional appearance from Charlesbank Capital Partners and Vulcan Capital, a investment arm of a estate of Microsoft co-founder Paul G. Allen.

Since a launch in 2011 as Hampton Creek, a association has lifted some-more than $650 million all to build out ability for a egg deputy products and a new line of lab-grown meat.

“We are really vehement to work with a investors to build a healthier, safer and some-more tolerable food system. Their believe and knowledge partnering with companies that are transforming countless industries were elemental in a preference to partner with them,” pronounced Josh Tetrick, co-founder and CEO of Eat Just, in a statement.

Eat Just’s expansion hasn’t been but controversy. In 2017, a association and a arch executive withstood a unsuccessful coup, that forced a banishment of several executives. The association also saw a whole house renounce in a issue of those firings, usually to reinstate them with a new line-up of directors months later.

In a aftermath, Hampton Creek rebranded and refocused. These days a company’s products fall into dual rather associated categories. There’re a plant-based egg deputy products and eggless mayonnaise and a lab grown duck products that are meant to reinstate ornithology farmed duck meat.

Since a egg side of Eat Just’s duck and egg business really came first, it’s value observant that a company’s products are sole in some-more than 20,000 sell outlets and 1,000 foodservice locations. given it began offered a product, a association has changed some-more than 100 million eggs to roughly one million U.S. households.

The company’s eggs are also on offer in Dicos, a quick food sequence in China, and it’s got a understanding to put out a sous vide egg deputy product with Cuisine Solutions. The eggs are also accessible in Peet’s Coffee locations around a nation and Eat Just has stretched a eggless placement height into Canada.

Then there’s a company’s GOOD Meat product. That was accessible for a brief time in Singapore. The association expects to condense prolongation costs and enhance a blurb operations while operative on other kinds of meats as well, according to a statement.

It’s a prolonged approach from where a Eat Just started, when it lifted a initial millions from Khosla Ventures and Founders Fund.

Founders Fund Backs Its First Food Tech Startup, Hampton Creek Foods, With A $1M Investment

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