Tuesday, July 27, 2021

Eat Just raises $200m to increase capacity, drive R&D

Plant-based food-tech start-up, Eat Just, has secured $200 million in a new funding round to bolster capacity, build brand and drive research and development.

The investment that will be used to build capacity for Eat Just’s products; accelerate research and development programs and build its brands in key international markets.

The funding round was led by the Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar; joined by private investment firm Charlesbank Capital Partners and Vulcan Capital, the investment arm of the estate of Microsoft co-founder and philanthropist Paul G. Allen.

The start-up, which has raised more than $650 million since its founding in 2011, will add QIA and Charlesbank to its Board of Directors.

“We are very excited to work with our investors to build a healthier, safer and more sustainable food system,” said Josh Tetrick, co-founder and CEO of Eat Just.

“Their knowledge and experience partnering with companies that are transforming numerous industries were fundamental in our decision to partner with them.”

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