NEWS COMMENTARY

Eat Just raises $200 million round, bringing total funding to more than $650 million

Published:
March 25, 2021
Coverage:
Emerging Ecosystems in Agrifood and Health More...
Activities:
Investment
Average importance

Qatar Investment Authority led the round. Eat Just intends to use the latest funding to support production capacity, R&D, and market expansion. The press release included updates on the company's flagship product JUST Egg, a plant-based egg substitute. The product is now available in 20,000 retail locations and 1,000 foodservice locations, having reportedly sold the equivalent of 100 million eggs to date. While Eat Just made headlines in December 2020 when it received the world's first regulatory approval of cell-based meat from Singapore, JUST Egg will be its growth engine for some time. As Eat Just looks to accelerate market expansion, clients should consider opportunities to partner for sales and distribution.

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