NEWS COMMENTARY

Livekindly Co. enters the plant-based space with $200 million in funding, three acquisitions, two partnerships, and an investment

Published:
March 13, 2020
Coverage:
Emerging Ecosystems in Agrifood and Health More...
Activities:
Acquisition More...
by Thomas Hayes
Truly disruptive

The $200 million in funding came from the founders, a mix of industry veterans. The newly formed entity acquired Livekindly Media, from which its name derives, and two plant-based chicken brands in LikeMeat (from Germany) and The Fry Family Food Co. (from South Africa). It has set up partnerships with poultry companies PHW Group in Europe and RCL Foods in South Africa. Additionally, it acquired an equity stake in Puris, the pea protein supplier that has a JV with Cargill. The press release mentioned that the group plans to continue acquisitions, signaling that Livekindly Co. is looking to scale big and scale fast. Clients, plant proteins are reaching unprecedented levels of commercial maturity. Move swiftly or be left behind. 

For the original news article, click here .


Further Reading

Shiru raises $3.5 million seed round to develop protein production platform

News Commentary | October 30, 2019

Lux Capital led the round, joined by S2G Ventures, CPT Capital, and Y Combinator. Shiru is looking to produce proteins via fermentation that impart specific functionality to foods. This is very similar to the approach employed by Motif FoodWorks. Both are honing in on functionality, as opposed to ... Not part of subscription

Perfect Day rakes in $140 million Series C round led by Temasek, bringing total funding to more than $200 million

News Commentary | December 13, 2019

The funding comes just a few weeks after the company announced it is expanding into dairy fats. While this event is a win for cellular agriculture, it underscores the capital‑intensive nature of scaling the production approach. As a reference, the most highly funded plant‑based dairy company, Ripple... Not part of subscription

Fermentation-derived food proteins gain momentum as Legendairy Foods raises €4 million in funding

News Commentary | December 20, 2019

This investment round was co‑led by M Ventures, the corporate venture arm of Merck, along with Agronomics. This is M Ventures' second investment in the cellular agriculture space, having previously invested in Mosa Meat, a cultured meat startup. Legendairy is using synthetic biology and fermentation... Not part of subscription