Rage Capital and BTG Pactual led a ~USD60m Series C for Fazenda Futuro, a Brazilian startup making plant-based meat alternatives, with participation from XP, and follow-on from monashees, Go4It Capital, MFO Turim and Enfini Ventures at a reported USD400m valuation.
(TechCrunch) – Another big raise in the alternative protein space: Future Farm, a Brazilian-based food tech startup that touts plant-based meat substitutes with a “true” meat-like texture, has closed a $58 million Series C funding round, co-led by BTG, as it gears up for rapid growth in the U.S. and Europe.
Other investors in the Series C include existing investors from its Series A and B, including Monashees, Go4It Capital, Turim MFO and Enfini Ventures, along with new investors XP Inc. and Rage Capital (which co-led the round).
The 2019-founded startup has raised a total of $89 million at this stage, and says its business is now being valued at $400 million+.
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