{"id":7155,"date":"2021-03-24T06:05:48","date_gmt":"2021-03-24T06:05:48","guid":{"rendered":"https:\/\/cuisinesolutionsmea.com\/?p=7155"},"modified":"2021-05-16T06:16:50","modified_gmt":"2021-05-16T06:16:50","slug":"just-food-com-faux-egg-firm-eat-just-closes-200m-funding-round","status":"publish","type":"post","link":"https:\/\/cuisinesolutionsmea.com\/2021\/03\/just-food-com-faux-egg-firm-eat-just-closes-200m-funding-round\/","title":{"rendered":"Just-Food.com: Faux Egg Firm Eat Just Closes $200m Funding Round"},"content":{"rendered":"

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Eat Just, the US firm which;makes a faux egg product from mung beans and cultivates meat in a lab, has raised US$200m in a funding round.<\/p>\n

The San Francisco business, previously&nbsp;known as Hampton Creek and Just, has now been backed to the tune of $650m since it was founded in 2011.<\/p>\n

Its latest funding round was led by the Qatar Investment Authority (QIA), the Middle East country’s sovereign-wealth fund, and joined by private investment firm Charlesbank Capital Partners and Vulcan Capital, the investment arm of the estate of Microsoft co-founder and philanthropist Paul Allen.<\/p>\n

Representatives from QIA and Charlesbank will be added to its board of directors.<\/p>\n

Eat Just said the investment will be used to increase capacity, build its brand in “key international markets” and drive R&amp;D.<\/p>\n

Josh Tetrick, co-founder and CEO, said: “We 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.”&nbsp;<\/p>\n

Eat Just’s Just Egg product is now sold in more than 20,000 retail points of distribution and 1,000 foodservice locations in the US.<\/p>\n

The company said it has sold the plant-based equivalent of 100 million eggs.<\/p>\n

On the international front, Dicos, one of China’s largest fast-food chains, has recently added Just Egg to its menu and Eat Just announced a partnership to manufacture Just Egg sous vide products as part of an agreement with Cuisine Solutions, a manufacturer and distributor of sous vide foods.<\/p>\n

In December, <a class=”internalLink” href=”\/news\/singapore-gives-green-light-to-cell-based-meat_id144842.aspx”>Singapore gave the all-clear for meat created in a laboratory by Eat Just to be sold there<\/a>.<\/p>\n

The green light from the Southeast Asian city-state’s regulator, the Singapore Food Agency (SFA), is believed to be the world’s first regulatory approval for cell-based meat.<\/p>\n

And earlier this month, Eat Just announced that more than 1,000 grocery stores in Canada would be stocking its products, which are&nbsp;also being made available to&nbsp;restaurants and other foodservice operators in the country.<\/p>\n<\/div>\n<\/div>\n

[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_row][vc_column]\n\t See The Full Detail Here<\/span>\n <\/a>[\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_section][vc_row][vc_column][vc_column_text css=”.vc_custom_1621145035807{padding-bottom: 5% !important;}”] Eat Just, the US firm which;makes a faux egg product from mung beans and cultivates meat in a lab, has raised US$200m in a funding round. The San Francisco business, previously&nbsp;known as Hampton Creek and Just, […]<\/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":"\nJust-Food.com: Faux Egg Firm Eat Just Closes $200m Funding Round<\/title>\n<meta name=\"description\" content=\"Just-Food.com: Faux Egg Firm Eat Just Closes $200m Funding Round\" \/>\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\/just-food-com-faux-egg-firm-eat-just-closes-200m-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Just-Food.com: Faux Egg Firm Eat Just Closes $200m 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