Atlast Food Co., a Green Island, N.Y.-based mycelium food company making plant-based meats, raised $40M in Series A funding.
The round was led by Viking Global Investors with participation from 40 North, AiiM Partners, Senator Investment Group, Stray Dog Capital, Footprint Coalition Ventures, and the leaders and founders of food and CPG companies, including Applegate, Stonyfield, and Whole Foods.
The company intends to use the funds to further develop and scale this technology and team.
Led by Stephen Lomnes, President, Atlast Food is an American food technology company. Its patented platform uses a natural super ingredient called mycelium to grow nutrient-rich fibers that replicate the textures and mouthfeel of meat for CPG partners. MyEats is a direct-to-consumer food brand currently selling MyBacon™ strips throughout the U.S. MyEats’ first product is a plant-based bacon that offers all the taste, crunch and sizzle of pork bacon, but is made from just six ingredients.