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.
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.