US Company Impossible Foods Ranks 1st in Global Funding Survey
To no one’s surprise, the U.S. company Impossible Foods is the best-funded vegan company of 2021, a new study shows, with more than $1 billion in funding. Another U.S. company, Eat Just, came in fourth with $450 million in funding.
The study, conducted by professional kitchen suppliers Maxima Kitchen Equipment, analyzed funding available to more than 400 companies that specialize in the production of vegan and plant-based food.
Impossible Foods, founded in 2011 and based in California, takes top spotwith a whopping $1,591,537,000 of funding, coming from 54 investors. The company specializes in plant-based substitutes for meat, dairy and fish products.
The top five continues with three more American companies: LIVEKINDLY, based in Los Angeles and founded in 2017 is second with $535,000,000 from just eight investors; Chicago-based Nature’s Fynd is third with funding totaling $508,000,000 from 17 investors. In fourth comes Eat Just, founded in 2011 and based in San Francisco, with $450,435,000 in funding.
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“Plant-based is the future of nutrition, with more people switching to a vegan diet in order to preserve the planet and decrease their carbon footprint,” a Maxima Kitchen Equipment spokesperson said. “Our study shows how much effort there is behind this pledge, with plenty of investors – 134 among our top five alone – confident that making sure plant-based alternatives are available for everyone, everywhere is a lucrative business strategy.”
The research was carried out by Maxima Kitchen Equipment, which has more than 40 years of experience in the supply and maintenance of professional kitchen equipment.
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