Eat Just, an Alameda, CA- and New York-based company that applies science and technology to create healthy and sustainable food, raised an undisclosed amount in funding.
The round was led by VegInvest/Ahimsa Foundation.
The company intends to use the funds to continue improving the quality and profitability of its products.
Led by CEO Josh Tetrick, Eat Just is a food technology company which created egg brands, made entirely of plants, and meat made from animal cells instead of slaughtered animals. GOOD Meat, Eat Just’s cultivated meat division, received a landmark U.S. regulatory approval this summer, which allowed the company’s chicken to be sold to American consumers for the first time in history. This builds on the firm’s clearance and commercial sales in Singapore in late 2020. Its products are now available in more than 48,000 retail points of distribution in North America, including 4,000 new doors across retailers year-to-date.
VegInvest/Ahimsa Foundation’s initial investment and partnership enabled the company to move from lab-scale to commercial launch and grow to the point of selling the equivalent of 400 million eggs, saving more than 14 billion gallons of water, 69 million kilograms of CO2e and 21,000 acres of land.
FinSMEs
04/09/2023