Walmart’s Silicon Valley R&D group @WalmartLabs has acquired its fourteenth startup, the company is announcing this morning, with a deal to bring in a total of 16 employees from social marketplace Luvocracy, includin…
El Segundo, CA — July 28, 2014 — Beyond Meat®, the first company to re-create meat from plants, has completed its Series D financing round, its largest to date.
By making meat from plant-based sources, privately held Beyond Meat, based in El Segundo, California, is dedicated to improving human health, positively impacting climate change, conserving natural resources and respecting animal welfare.
New investors include DNS Capital, representing the business interests of Gigi Pritzker Pucker and Michael Pucker; Taiwan’s Tsai Family, through its family office, WTT Investment; and S2G Ventures. Existing investors Kleiner Perkins Caufield & Byers, The Obvious Corporation (founded by Evan Williams and Biz Stone), Bill Gates, Morgan Creek Capital and Seth Goldman (founder of Honest Tea) also participated in the round.
The new financing will fund even greater innovation to continue Beyond Meat’s pursuit of re-creating meat from plants. The round will also help Beyond Meat expand consumer awareness and increase capacity at the company’s manufacturing facility to meet surging demand for its products.
“Meat is actually just the combination of amino acids, fats, water, carbohydrates and trace minerals,” said Ethan Brown, CEO and Beyond Meat co-founder. “These things are available in the plant kingdom, and we combine them in a way that re-creates the same sensory experience for consumers without having to rely on the animal to produce it. We believe this is the meat of the future and the way to feed a growing world population cost effectively with minimal environmental impact and use of natural resources.”
Beyond Meat products provide the nutritional benefits of meat, but have no cholesterol, trans or saturated fats, antibiotics, or hormones, and do not require resource-intense raising and slaughter of livestock.
Available nationally in over 4,000 retailers across the country.