{"id":7152,"date":"2021-03-23T05:42:10","date_gmt":"2021-03-23T05:42:10","guid":{"rendered":"https:\/\/cuisinesolutionsmea.com\/?p=7152"},"modified":"2021-05-16T05:58:14","modified_gmt":"2021-05-16T05:58:14","slug":"news-yahoo-com-eat-just-has-raised-another-200m","status":"publish","type":"post","link":"https:\/\/cuisinesolutionsmea.com\/2021\/03\/news-yahoo-com-eat-just-has-raised-another-200m\/","title":{"rendered":"News.Yahoo.com: Eat Just Has Raised Another $200M"},"content":{"rendered":"<p>[vc_section][vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1621143613397{padding-bottom: 5% !important;}&#8221;]<\/p>\n<div class=\"row\">\n<div class=\"col-sm-10 col-sm-offset-1\">\n<p>Eat Just, the purveyor of eggless eggs and mayonnaise and the\u00a0<a class=\"link rapid-noclick-resp\" href=\"https:\/\/techcrunch.com\/2020\/12\/01\/eat-just-to-sell-lab-grown-meat-in-singapore-after-gaining-world-first-regulatory-approval\/\" data-ylk=\"slk:first government-approved vendor of lab-grown chicken\" data-rapid_p=\"6\" data-v9y=\"1\">first government-approved vendor of lab-grown chicken<\/a>, has raised $200 million in a new round of funding, the company said.<\/p>\n<p>The funding was led by the Qatar Investment Authority, the sovereign wealth fund of the state of Qatar, with additional participation from Charlesbank Capital Partners and Vulcan Capital, the investment arm of the estate of Microsoft co-founder Paul G. Allen.<\/p>\n<p>Since its launch in 2011 as Hampton Creek, the company has raised more than $650 million all to build out capacity for its egg replacement products and its new line of lab-grown meat.<\/p>\n<p>\u201cWe are very excited to work with our investors to build a healthier, safer and more sustainable food system. Their knowledge and experience partnering with companies that are transforming numerous industries were fundamental in our decision to partner with them,\u201d said Josh Tetrick, co-founder and CEO of Eat Just, in a statement.<\/p>\n<p>Eat Just&#8217;s evolution hasn&#8217;t been without controversy. In 2017, the company and its chief executive withstood\u00a0<a class=\"link rapid-noclick-resp\" href=\"https:\/\/www.theguardian.com\/technology\/2017\/jun\/05\/hampton-creek-just-mayo-firings\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:a failed coup\" data-rapid_p=\"7\" data-v9y=\"1\">a failed coup<\/a>, which forced the firing of several executives. The company also\u00a0<a class=\"link rapid-noclick-resp\" href=\"https:\/\/techcrunch.com\/2017\/07\/17\/every-member-of-hampton-creeks-board-has-stepped-down-except-for-the-ceo\/\" data-ylk=\"slk:saw its entire board resign\" data-rapid_p=\"8\" data-v9y=\"1\">saw its entire board resign<\/a>\u00a0in the aftermath of those firings, only to replace them\u00a0<a class=\"link rapid-noclick-resp\" href=\"https:\/\/techcrunch.com\/2017\/09\/14\/hampton-creek-rises-again-with-new-directors-and-patents-for-a-new-direction\/\" data-ylk=\"slk:with a new slate of directors months later\" data-rapid_p=\"9\" data-v9y=\"1\">with a new slate of directors months later<\/a>.<\/p>\n<p>In the aftermath, Hampton Creek rebranded and refocused. These days the company&#8217;s products fall into two somewhat related categories. There&#8217;re the plant-based egg replacement products and eggless mayonnaise and the lab grown chicken products that are meant to replace poultry farmed chicken meat.<\/p>\n<p>Since the egg side of Eat Just&#8217;s chicken and egg business definitely came first, it&#8217;s worth noting that the company&#8217;s products are sold in more than 20,000 retail outlets and 1,000 foodservice locations. since it began selling the product, the company has moved more than 100 million eggs to roughly one million U.S. households.<\/p>\n<p>The company&#8217;s eggs are also on offer in Dicos, a fast food chain in China, and it&#8217;s got a deal to put out a sous vide egg replacement product with Cuisine Solutions. The eggs are also available in Peet&#8217;s Coffee locations around the country and Eat Just has expanded its eggless distribution platform into Canada.<\/p>\n<p>Then there&#8217;s the company&#8217;s<a class=\"link rapid-noclick-resp\" href=\"https:\/\/goodmeat.co\/\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:GOOD Meat\" data-rapid_p=\"11\" data-v9y=\"1\">\u00a0GOOD Meat<\/a>\u00a0product. That was available for a short time in Singapore. The company expects to slash production costs and expand its commercial operations while working on other kinds of meats as well, according to a statement.<\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_row][vc_column]<a itemprop=\"url\" href=\"https:\/\/ph.news.yahoo.com\/eat-just-alt-protein-company-171853649.html?guce_referrer=aHR0cDovL3RyYW5zaXRpb24ubWVsdHdhdGVyLmNvbS8&#038;guce_referrer_sig=AQAAAJA3vh9QPggaSfciAk1DOKXJqQg9WwiS0mB1tQVR0JEDHf-Y0CS-99MmmYSKv1CLyW7GvLQ3sgWiwqviylRDQi90yDrOK9PxttZAp0JQIDcBDnfhp42msIM3SY9oMJ_Fw1C1QNsHJiAwoc3lYMakwylGkJ0XOhMErMp_3WDqgXnW&#038;guccounter=1\" target=\"_self\"  class=\"mkdf-btn mkdf-btn-medium mkdf-btn-solid\"  >\n\t    <span class=\"mkdf-btn-text\">See The Full Detail Here<\/span>\n    <\/a>[\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_section][vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1621143613397{padding-bottom: 5% !important;}&#8221;] Eat Just, the purveyor of eggless eggs and mayonnaise and the\u00a0first government-approved vendor of lab-grown chicken, has raised $200 million in a new round of funding, the company said. The funding was led by the Qatar [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wprm-recipe-roundup-name":"","wprm-recipe-roundup-description":""},"categories":[264],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>News.Yahoo.com: Eat Just Has Raised Another $200M<\/title>\n<meta name=\"description\" content=\"News.Yahoo.com: Eat Just Has Raised Another $200M\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cuisinesolutionsmea.com\/2021\/03\/news-yahoo-com-eat-just-has-raised-another-200m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News.Yahoo.com: 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