NEWS COMMENTARY

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

Published:
March 31, 2021
Services:
CPG More...
Priorities:
“Better-for-You” Transformation More...
Activities:
Investment
by Thomas Hayes
Very important

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 expansion (e.g., in the U.S. and China) as well as further acquisitions, investments, and partnerships. So far, it has brought five companies into its fold through acquisition: The Fry Family Food Co., LikeMeat, Oumph!, No Meat, and Livekindly Media. As plant-based companies like Livekindly Collective and Eat Just look to grow into new markets at a rapid pace, clients should seize the opportunity to provide sales and distribution channels.

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