Real boo$t for food faker
Lisa Fickenscher
NotCo, a Jeff Bezos-backed, fake meat and dairy company, has just joined the unicorn club.
The Chilean-based company, which uses an artificial-intelligence program called Giuseppe to make plantbased milk and meat products, said Monday it has raised another $235 million in a funding round that values the company at $1.5 billion.
NotCo said the latest round is being led by Tiger Global. Tennis great
Roger Federer, race car driver Lewis Hamilton and DJ Questlove are becoming investors as well. Bezos invested $30 million in the company in 2019 when it launched mayonnaise that is made primarily from chickpeas.
NotCo, which launched five years ago in Latin America, introduced its its NotMilk products seven months ago to the US, where NotCo has five US patents.
BUSINESS
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2021-07-27T07:00:00.0000000Z
2021-07-27T07:00:00.0000000Z
https://nypost.pressreader.com/article/282063394999330
New York Post