Cargill has put another $75m into pea protein-based food ingredient provider Puris, roughly a little over 18 months after it invested an initial $25m.
US-based food ingredient producer Puris secured $75m in funding from agricultural conglomerate Cargill on Wednesday.
Formerly known as World Food Processing, Puris produces plant-based food ingredients using domestically grown organic and non-genetically modified peas sourced from a network of more than 400 farms.
Puris converts the peas into protein, starches and fibres to form the basis of products such as vegan spreads, nutrition bars, ready-to-drink protein shakes and cereals.
Cargill’s investment will allow Puris to double pea protein production at…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
