Simple Login
Our simple login does not require you to sign up or to use any password. We’ll send you a code which you can use to sign in safely.
Vegan Milk Brand Reaches Unicorn Status Thanks To Investment From Lewis Hamilton And Roger Federer
Plant-based food tech startup NotCo has raised $235 million in a Series D funding round, bringing the business' valuation to $1.5 billion. The Series D investment round was led by American firm Tiger Global, and joined by ZOMA Lab and ...
Plant-based food tech startup NotCo has raised $235 million in a Series D funding round, bringing the business' valuation to $1.5 billion.
The Series D investment round was led by American firm Tiger Global, and joined by ZOMA Lab and DFJ Growth Fund.
Vegan Formula 1 champion Lewis Hamilton was among investors who helped a plant-based milk startup NotCo reach unicorn status (businesses valued at over $1 billion).
Other famous investors include tennis player Roger Federer, Amazon founder Jeff Bezos, and musician DJ Questlove.
The Chilean company develops formulas for dairy-free milk, plant-based meat, vegan mayonnaise and ice-cream using AI and unusual ingredients such as chicory root, pineapple juice and cabbage.
NotCo created and patented an AI platform Giuseppe that uses machine learning to find the best possible plant-based ingredients. Giuseppe’s algorithms analyse thousands of plants in its database to find perfect ingredients that can replicate the taste, texture, smell and functional properties of animal proteins.
“Our patented AI gives us a significant competitive advantage due to the speed and accuracy with which we’re able to develop and bring new products to market,” said NotCo CEO, Matias Muchnick,
He told Reuters: “Many companies have reached NotCo to say ‘can you do a plant-based version of our products. In that way, we can become the ‘Intel Inside’ of other products.”
The company says that the funds will help expand and improve Giuseppe and launch new products globally.
Until now several plant-based food tech companies secured the unicorn status, including plant-based meat makers Beyond Meat and Impossible Foods and vegan egg alternative company EAT JUST.
Article by Vegan Kind
The “chicken-iest” vegan chicken ever lands on the supermarket shelves this week...
Mummy vegan sausages for the little ones! These spooky little hot dogs are simpl...
You don't need much time for these. In 10 minutes, you can transform 3 ingredien...
Crispy delicious roasted potatoes to pair with your favourite plant-based meat! ...
Boooo! Try these spooky vegan chocolate banana ghosts! Made with white vegan cho...
Article by Vegan Kind
The vegan campaign flag flies on the International Space Station and orbited Ear...
Article by Vegan Kind
What restaurants are launching new menu items this Veganuary?
Article by Vegan Kind
One of the most popular cheese brands, The Laughing Cow has added a new plant-ba...
Article by Vegan Kind
More people in the UK are following a meat-free diet in 2024, choosing to eat on...
Article by Vegan Kind
Juicy Marbles, a pioneer of 100% plant-based whole cuts, known for creating the ...
Article by Vegan Kind
The new vegan Galaxy bar is made with dairy-free milk chocolate, dried fruits an...
Article by Vegan Kind
The first plant-based salmon alternative, named by its creators "THE FILET – Ins...
Article by Vegan Kind
Denmark is the first country in the world with a ready action plan and proposals...
Article by Vegan Kind
New research shows that nearly 50% of UK consumers are reducing their meat intak...
Article by Vegan Kind
Dreamfarm has just announced it received an investment of €5 million that will b...
Article by Vegan Kind
Beyond Meat wins GOLD at Casual Dining Innovation Challenge 2023 for its plant-b...
This dish is quick to make, nutritious and easy to make.