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No Meat Factory Secures $42 Million Series B Funding

PRIVATEJan 12, 2023

Amount Raised

$42 Million

Round Type

Series B

British ColumbiaManufacturingFood And BeverageHospitality

Investors

Emil Capital PartnersTengelmann Growth Partners

Description

No Meat Factory, a leading plant-based alternative protein manufacturer, today announced it has closed a Series B funding round totaling $42 million USD. New investor Tengelmann Growth Partners led the round, with participation from existing investor Emil Capital Partners (ECP) who initially invested during company formation in 2019. With this latest funding round, No Meat Factory plans to expand its production footprint in North America and build out its manufacturing capabilities to service the global market, increasing access to affordable alternative proteins for mainstream consumers. No Meat Factory will also continue to make significant investments in its global research and development organization that focuses on commercializing the latest innovations in alternative protein.

Quick answer

No Meat Factory raised $42 Million in a Series B round, dated January 12, 2023. Investors: Emil Capital Partners and Tengelmann Growth Partners. No Meat Factory is based in British Columbia, Canada.

How much did No Meat Factory raise?
No Meat Factory raised $42 Million in a Series B round on January 12, 2023.
Who invested in No Meat Factory?
Emil Capital Partners and Tengelmann Growth Partners are named as investors in this round.
What does No Meat Factory do?
Founded in 2019, No Meat Factory is a manufacturer of high quality, great tasting, vegan plant-based food products that provide consumers with variety for a healthier lifestyle.
Where is No Meat Factory based and how big is it?
No Meat Factory is based in British Columbia, Canada.

Source: Fundz verified event record.

Who else raised in Food And Beverage and Hospitality around the same time

Companies in the same sectors as No Meat Factory that raised within 45 days of this round, from Fundz verified event records.

  • Reed’s raised $2.5M (Seed) on February 14, 2023.
  • Zerocater raised an undisclosed amount (Series C) on February 16, 2023.
  • Cookin raised $17M (Funding Round) on February 13, 2023.
  • Nomadix raised $726K (Seed) on February 10, 2023.
  • SKYX Platforms raised $8.1M on February 6, 2023.
  • Rebellyous raised an undisclosed amount (Funding Round) on February 3, 2023.

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Company Information

Company

No Meat Factory

Location

British Columbia, Canada

About

Founded in 2019, No Meat Factory is a manufacturer of high quality, great tasting, vegan plant-based food products that provide consumers with variety for a healthier lifestyle. Our products appeal to mainstream tastes targeting flexitarian consumers. No Meat Factory’s manufacturing and R&D advances provide the company with a competitive advantage allowing for high quality, cost effective, and great tasting vegan products to be introduced into the global food chain. For more information visit https://www.nomeatfactory.com/.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

No Meat Factory raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.