Plant-based manufacturer Meatless Farm has raised $31 million to support expansion plans in the UK, Europe, the US, and Asia.
The fundraising is going to help the meat-free company to expand the brand in existing markets, grow the business to new regions, add more products to its portfolio, and further develop manufacturing in Canada.
Founded in 2018, Meatless Farms operates in Leeds, Amsterdam, New York, and Singapore and according to the company is planning to expand global operations whilst are also looking to participate in merge and acquisitions of smaller plant-based companies.
Morten Toft Bech, founder of Meatless Farm, said: “We are seeing strong demand for our plant-based burgers, sausages and mince across all markets and see fantastic opportunities to grow the Meatless Farm brand rapidly as people look to eat more healthily and sustainably.”
Source: FoodBev Media