Campbell Soup-backed Acre Venture Partners has made a strategic investment in fungi-based protein supplier Meati to bring its funding total to more than $32m.
US-based meatless protein supplier Meati has collected $28m in a series A round featuring Acre Venture Partners, a venture capital fund backed by food product manufacturer Campbell Soup, AgFunder News has reported.
Congruent Ventures, a sustainability-focused VC firm aligned to University of California, also participated in the round, alongside fellow VC firms Prelude Ventures and Tao Capital, and assorted private investors.
Founded in 2016 as Emergy Foods, Meati produces high-protein foods using a fungi-based ingredient called mycelium that it markets…
