The brand is aiming to launch in the U.S (Photo: NotCo)

The brand is aiming to launch in the U.S (Photo: NotCo)

Plant-based food tech company NotCo has raised $85,000,000 in its latest Series C investment round co-led by Future Positive and L Catterton.

The Latin-American brand, whose startup investors include Bezos Expeditions, now plans to expand internationally – starting with the U.S – which it describes as a ‘promising market for its portfolio of products’.

NotCo currently creates vegan meat, milk, ice cream, and mayo which are available in Brazil, Argentina, and Chile – its plant-based burger has landed partnerships with fast-food chains Burger King and Papa John’s in Chile.

‘A new normal’

In a statement sent to Plant Based News Managing Partner at Kaszek Ventures Nicolas Szekasy predicts NotCo has the potential to be the ‘leading global player in the food-tech space’.

She said: “In this uncertain time, consumers have amplified their appetite for the plant-based world. In parallel, Covid-19 has allowed us to see that meat production is not only environmentally harmful and inefficient, but also that its supply chain is fragile.

Jeff Bezos Backed Plant-Based Food Company Raises $85 Million In Latest Investment Round

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