PrivCo Logo

The Meatless Wonders of the World

The Meatless Wonders of the World
September 30 2020

Plant-based meat products are now no longer the impossible and unattainable meals since companies like Impossible Foods and Beyond Meat have broken into the market, making their plant-based meat alternatives readily available both in supermarkets and at many fast-food joints across the nation. While reducing actual meat consumption links back to our impact on the environment, finding substitutes for food goes beyond environmental impact for many. For them, it is potentially a life or death situation. According to FARE (Food Allergy Research & Education), the top food allergies are shellfish, milk, and peanuts in the United States. In a bid not only to address environmental impact but also to allow the gourmet to enjoy foods they never could before, these companies have focused on plant-based alternatives beyond the meat.

Grounded Food and Miyoko’s Kitchen, both headquartered in California, offers plant-based cheese alternatives for the lactose intolerant. The former offers gruyere and camembert cheese alternatives made from cauliflower while the latter focuses on artisan cheese and spreads that are fully vegan and readily purchasable in supermarkets. 

Meanwhile, in the plant-based beverages industry, competition is a bit tougher. Swedish-owned Oatly and American-owned Califia Farms are the major players with their products easily accessible at many supermarkets as well as coffee shops. Oatly focuses on products made from oat and has since diversified from milk alternative beverage products to spreads, yogurts, and ice cream. Meanwhile, Califia Farms features a diverse range of milk alternatives such as coconut, almond, and oat but solely focuses on beverage variations, changing it up with seasonal drinks and coffee variations. Another contender, Ripple Foods, headquartered in California, offers a plant-based beverage and ice cream lineup made from the protein of yellow split peas which allows them to have higher protein content than other plant-based alternatives. 

Lastly, these wild cards seem to have the market for themselves (at least for now). Good Catch Foods is a Pennsylvania-based plant-based seafood alternatives seller, selling tuna and boxed apps from crab cakes to fish burgers, but all made with their proprietary legume blend. Right Rice, headquartered in San Francisco, sells a vegetable-based rice alternative that is said to add more protein while reducing the carbs intake. 

Even though plant-based options may be more of a choice for most of us, for the allergy-prone, it is reassuring to know that there continues to be an expanding list of companies looking to revolutionize with plant-based ingredients, expanding our taste buds while still helping the environment. 

In the Spotlight:

Grounded Food is a privately-held producer of plant-based cheese intended to act as an alternative for dairy products. The company uses a proprietary fermentation process to transform its primary ingredient cauliflower into the production of dairy-free camembert, gruyere, and feta cheese exclusive of nuts, soy, gluten, palm oil, and artificial additives, providing customers vegan cheese. Grounded Foods Co. was founded in 2019 by Shaun Quade and Veronica Fil. Grounded Foods Co. headquarters are located in Los Angeles, California.

Miyoko’s Kitchen is a privately-held provider of artisan cultured vegan cheese. It combines proprietary technology with traditionary creamery methods to craft cheese and butter from plants. Miyoko's Kitchen was founded in 2014 by Miyoko Schinner. Miyoko's Kitchen headquarters are located in Fairfax, California.

Califia Farms LP is a privately-held company that operates in the food & beverage producers industry. Califia Farms is a developer and distributor of plant-powered foods. Its eco-friendly, energy-efficient manufacturing plant uses artisanal processes to create healthy and delicious plant-based beverages.  Califia Farms LP was founded in 2012 by Greg Steltenpohl. Califia Farms LP headquarters are located in Bakersfield, California.    

The Meatless Farm Co is a privately-held producer of plant-based plant-based mince, burgers & sausages intended to help people reduce their meat consumption and make swapping easy. The Meatless Farm Co was founded in 2016 by Morten Toft Bech. The Meatless Farm Co headquarters are located in Leeds, United Kingdom.

Looking for US Private Company Information?
Start for free, Upgrade for more.
Get Started
Unicorn Status via SPAC
AppHarvest, a Morehead, Ky.-based developer of large-scale tomato greenhouses, is going public via a SPAC called Novus Capital. The company would have an initial market value of around $1 BN. This is about to be a "unicorn" based in one of America's poorest congressional districts. 
[Read more].
Dueling Direct Listing
Later this morning, the highly anticipated direct listing of Palantir & Asana debuts the everchanging IPO market.  PrivCo's reports Palantir at a $15.8 BN valuation heading into the public market while Asana and it's increasing revenues will be valued at $5 BN. 
Since last week, PrivCo has added:
2856 Companies | 264 Funding Activities | 78 M&A Deals

Funding & Deal Highlights:

Spectrum Labs, a San Francisco, CA-based company that provides patent-pending technology and services to consumer internet brands to help identify toxic behavior online, secured $10 MM in Series A funding.

MineralTree, an Accounts Payable (AP) and payments automation solution provider, today announced that it has closed a $50 MM Series D investment round with participation from existing investors Great Hill Partners, .406 Ventures, and Eight Roads Ventures. In addition, MineralTree has acquired two companies in the AP automation and B2B payables space, Inspyrus, and Regal Software, to further expand its market position in providing AP and payment automation to middle-market companies.

IONpath, Inc., a Menlo Park, Calif.-based developer of high-definition spatial proteomics, closed an $18 MM Series B financing.

Boosted Commerce today announced $87 MM in funding and it has acquired six Amazon fulfillment (FBA) companies as it scales quickly toward its goal of building a comprehensive eCommerce portfolio platform. Boosted plans to acquire and develop 100 e-commerce Consumer Package Brands over the next four years.

Computer Design & Integration LLC announced today that it has acquired P5 Solutions, Inc., a transformative consulting company known for helping customers establish better enterprise-wide processes through digital modernization and optimization. The financial terms of the transaction were not disclosed.

Hunter Street Partners, a Minneapolis-based alternative investment management firm, is pleased to announce the launch of a scalable platform to invest in equipment rental companies. Hunter Street has acquired All-Star Equipment Rental of Naples, a single-site operator based in Southwest Florida, and will work closely with the company's management team to evaluate other opportunities for expansion in the region.

Paya Inc. has announced today the acquisition of The Payment Group (TPG), a company offering integrated payment solutions to over 600 utility and municipal government clients.

Digital publisher Dotdash announced today that it has acquired the websites Simply Recipes and Serious Eats from Fexy Media. The terms of the deal were not disclosed.

Davies, a specialist professional services and technology business, has acquired TriPlus Service Inc, a long-term care insurance third party administrator (TPA) based in Massachusetts.

Chicago based UPG Enterprises LLC is proud to announce it has completed the acquisition of Lex Holding Co. The acquisition includes two well-known brands, Lexington Steel Corp., a full-line distributor of flat-rolled steel products based in Chicago, and Douglass Logistics Inc., the affiliated steel logistics division of Lexington Steel.   

Thanks for reading!
Not a subscriber yet? Sign up here.
Website
Twitter
LinkedIn
Copyright © 2020 PrivCo Media, LLC. All Rights Reserved.
Unsubscribe | PrivCo.com | Contact Us
PrivCo Logo

© 2024 PrivCo Media, LLC

Company

HomeSign inContactPricing