Believer Meats Raises $347M in Series B
Believer Meats has successfully raised $347M in a Series B at a $900M valuation led by Baillie Gifford, ADM Ventures.
Company Overview
Believer Meats is a FoodTech company headquartered in Rehovot, Israel, founded in 2018 with 100+ employees.
Cultivated chicken production
Fundraising Details
- Amount Raised: $347M
- Round Type: Series B
- Valuation: $900M
- Date: 2021-11-16
- Investors: Baillie Gifford, ADM Ventures
About Believer Meats
Cultivated chicken production The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Rehovot, Israel
- Founded: 2018
- Team Size: 100+
- Industry: FoodTech
What This Means
This funding round demonstrates strong investor confidence in Believer Meats's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FoodTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Believer Meats's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $900M valuation marks an important milestone for Believer Meats, positioning the company among notable players in the FoodTech industry.
Looking Ahead
With this new capital, Believer Meats is well-positioned to execute on its growth strategy and continue building innovative solutions in the FoodTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-11-16. For more information about Believer Meats, visit their headquarters at Rehovot, Israel.
