Future Farm is a food technology start-up company headquartered in Brazil. This is a plant-based meat substitute that claims to have a “real” fleshy feel.At present, it has completed a $58 million Series C financing, co-led by BTG. It is reported that this company is preparing for rapid development in the United States and Europe.
Other investors in Series C include its existing investors in Series A and B, including Monashees, Go4It Capital, Turim MFO and Enfini Ventures, as well as new investors XP Inc. and Rage Capital.
The startup, which was founded in 2019, raised a total of US$89 million at this stage, and it also stated that its business is now valued at more than US$400 million.
The C round of financing will be used to enable Future Farm’s series of plant-based meat substitutes to enter more retail stores and humans.
It also plans to expand its product range by adding plant-based milk and “dairy products” (including butter substitutes) in an attempt to get a bigger slice of consumers’ shopping budgets.
Future Farm’s current product line is available through 10,000 points of sale in 24 countries, but this Latin American startup is eager to increase this effort.
It launched products to the UK market early last year and touted its strong growth in Europe, saying that its annual growth rate was 960%.
In total, the company noted that the plant-based meat substitute category is currently valued at US$4.2 billion globally. In the UK alone, the market value is said to be 800 million U.S. dollars, and it is growing by 17% every year.
Global attention to the climate crisis (the CO26 climate conference is now being held in the UK)-and the need for humans to reduce carbon emissions by taking actions such as cutting meat consumption-is meeting the demand for plant-based alternatives, which will replace hamburgers and meat Traditional meat products such as sauces and hot dogs.
Investors responded to this pressure to change their eating habits. They provided funding to a wave of food technology startups that promised to help carnivores effortlessly switch to a vegetarian lifestyle that is more beneficial to the planet-“Meatballs.” “And all (that is, just no real meat).
Therefore, the alternative protein field has become a hotbed of activity in recent years. Food technology startups like Beyond Meat, Impossible Foods, Meati, Fable Food, Planted and Heura have sprung up, but that’s all.
In addition, there are more and more laboratory-growing meat start-up companies trying to keep real meat on the menu, but by cultivating cells in large barrels to change their environmental conditions, as an alternative production process for intensive animal breeding, this It is very bad for the planet and animal welfare.
No matter what happens to the meat grown in the laboratory, the food of the future will definitely require everyone to eat more plants.