Ingredient informatics continues to witness funding momentum as NotCo raises $85 million Series C funding

September 15, 2020
Investment More...
Very important

This funding round was co-led by Future Positive and L Catterton, with participation from a number of other investors, including Kaszek Ventures, and brings NotCo's funding raised to date to $115 million. NotCo will use this fund to scale up and expand to other international markets, including the U.S. The company's data science and machine learning-based approach to develop plant-based products has gained commercial traction, as it recently collaborated with Burger King to roll out the plant-based Rebel Whopper in Chile. As NotCo gears up for its U.S launch in early 2021, it will undoubtedly enter a crowded space. Nevertheless, this is another data point for the growing momentum for ingredient informatics to expedite new product launches.

For the original news article, click here .

Further Reading

Livekindly Collective closes $335 million funding round for its plant-based platform, bringing total funding to $535 million

News Commentary | March 31, 2021

The $335 million is inclusive of the $135 million it raised in October 2020. The Rise Fund led the round, with other notable investors including Rabo Corporate Investments, the investment arm of Rabobank, and S2G Ventures. Livekindly Collective intends to use the funding for continued market ... To read more, click here.

Apeel raises $250 million Series E, bringing its valuation to more than $2 billion

News Commentary | August 19, 2021

Led by Temasek, this Series E funding round also had other prominent investors and brings Apeel's total funding to $635 million. This latest investment will allow Apeel to expand its supply chain reach and develop its recent technology acquisition based on hyperspectral imaging. Apeel's glycerolipid... Not part of subscription

Ai Palette's progress and fundraising signal growing traction of leading food companies in ingredient informatics

News Commentary | September 06, 2021

Ai Palette is seeing strong momentum, as it just raised a $4.4 million Series A round and added key customers (like Danone, Kellogg's, and Cargill) covering key markets (like India, China, the U.S., and the EU). Ai Palette is not the only ingredient informatics startup with big names as customers; ... Not part of subscription