Campbell Soup-backed Acre Venture Partners has made a strategic investment in fungi-based protein supplier Meati to bring its funding total to more than $32m.
Congruent Ventures, a sustainability-focused VC firm aligned to University of California, has backed a $28m series A round for US-based meatless protein supplier Meati, AgFunder News has reported.
The round included Acre Venture Partners, a venture capital fund backed by food product manufacturer Campbell Soup, along with fellow VC firms Prelude Ventures and Tao Capital, and assorted private investors.
Founded in 2016 as Emergy Foods, Meati produces high-protein foods using a fungi-based ingredient called mycelium that it markets…
