Sign up for the Powder & Bulk Solids Weekly newsletter.
Powder Bulk Solids Staff
February 7, 2023
1 Min Read
Rebellyous Foods announced it has raised $9.5 million equity round.Image courtesy of Rebellyous Foods
Food manufacturing technology company Rebellyous Foods announced today that it has raised a $9.5 million equity round to build its production technology.
Led by former aerospace engineer, Christie Lagally, Rebellyous Foods has developed patented technology that unlocks production at cost-parity to animal-based chicken. Rebellyous will use the investment to deploy its breakthrough equipment and continue on its mission to grow accessibility and availability of plant-based meat through tech-backed solutions.
“During a tough economic slump, we are thrilled by this testament to investors’ belief in Rebellyous and in price parity as a solution to sustained growth of plant-based meat in the marketplace,” said Lagally, founder and CEO of Rebellyous Foods. “The world is in desperate need of viable solutions to animal agriculture, and we are delighted we are one step closer to delicious, affordable plant-based meat for all.”
"Rebellyous is the only company making meaningful strides towards price parity,” said Mike Miller, board member and partner at Liquid 2 Capital. “The plant-based meat industry has shown us that the status quo isn't cutting it... and it takes a new style of thinking to look beyond food chemistry to manufacturing.”
Plant-based chicken is the second-fastest growing category of the plant-based meat sector and poised for remarkable segment growth.
About the Author(s)
You May Also Like
Institution of Chemical Engineers Announces 2024 Award WinnersMar 5, 2024|2 Min Read
USDA Recalls: February 2024Mar 1, 2024|4 Min Read
EPA Protects At-Risk Communities Near Chemical PlantsMar 1, 2024|1 Min Read
Three Chemours Top Execs Placed on LeaveMar 1, 2024|1 Min Read