Plant-Based Food Companies to Achieve 'Unicorn' Status

The shift to plant-based proteins has helped propel a number of plant-based food companies into the ‘unicorn’ spotlight.

Plant-Based 'Unicorn' Companies

Here's a list of high-profile plant-based food companies to achieve 'unicorn' status.

• NotCo. Amazon (AMZN) founder Jeff Bezos' Bezos Expeditions is a part-owner in the food-tech company producing plant-based alternatives.  
  
• Founded: Chile, 2015
• Valuation: $1.5 billion
• Latest Funding Round: $235 million (Source: Tech Crunch)
• Eat Just. The company, which achieved 'unicorn' status in 2016, develops and markets plant-based alternatives to conventionally produced egg products.
• Founded: San Francisco, California, 2011
• Valuation: $3 billion (Source: The Beet)
• Latest Funding Round: $267 million (Source: Bloomberg)
• Impossible Foods. The plant-based meat producer's signature product, the Impossible Burger, was launched in 2016 in partnership with Burger King.
  
• Founded: Redwood City, California, 2011
• Valuation: $10 billion (Source: CNBC)
• Latest Funding Round: $200 million (Source: Reuters) 
• Misfits Market delivers a subscription box service for "misfit produce," organically sourced products that look a little different.
  
• Founded in the United States in 2018
• Valuation: $2 billion
• Latest Funding Round: $225 million (Source: Bloomberg)
• Sweetgreen. The fast-casual restaurant chain serves a variety of seasonal salads, warm bowls, and sides, featuring locally sourced produce.
  
• Founded: Washington, D.C., 2007
• Valuation: $1.78 billion (Source: The Business of Business)
• Latest Funding Round: $150 million (Source: Business Wire)

Plant-Based Outlook

So, what's the most recent news in the plant-based space?

Eat Just, maker of the JUST Egg, is reportedly gearing up for a $3 billion IPO.

Impossible Foods recently launched a plant-based chicken nugget substitute in the U.S.

Earlier this month Prince Khaled bin Alwaleed of Saudi Arabia, a known vegan pioneer, joined Eat Well Investment Group's newly formed Strategic Advisory Board.

Editor's note. Eat Well Investment Group is also a sponsor on TheStreet.