Chile-headquartered food tech unicorn NotCo, valued at $1.5 billion, has raised another $70 million in a series D extension to catapult its new AI platform Giuseppe.
... [+]
Oct. 24, 2022. Eight months after announcing their joint venture, Kraft Heinz Co. and NotCo are unveiling their first products: animal-free cheese slices and mayonnaise. Photographer: Gabby Jones/BloombergChile-headquartered food tech unicorn NotCo, valued at $1.5 billion, has raised another $70 million in series D extension to catapult its new AI platform “Giuseppe,” a B2B unit that enables innovations for CPG brands, ingredient suppliers, and technology providers.
This round, which is led by Princeville Capital, brought NotCo’s total financing to just over $400 million. The alt protein company’s previous backers include Tiger Global Management, Union Square Hospitality Group, L Catterton, Trousdale Ventures, and Jeff Bezos through Bezos Expeditions. Currently offering a line of branded products such as NotMilk, NotBurger and NotChicken, NotCo is best known for leveraging a variety of crops to mimic the textures, flavors and smells of animal-based foods through its proprietary technology that holds 12 U.S. patents.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. oil benchmark slides toward $70 a barrelOil futures tick lower Monday, despite a continued shutdown of a major North American pipeline, as worries remain over the demand outlook for crude.
Read more »
Asian Stock Market: Turns cautious ahead of Western monetary policy week, oil defends $70.00Markets in the Asian domain have turned risk averse as investors are experiencing sheer anxiety ahead of the interest rate decision from various centr
Read more »
Will a legal saga over a $70 million Malibu mansion derail the star of 'Buying Beverly Hills'?Mauricio Umansky, a Real Housewives of Beverly Hills regular and star of a new Netflix show, is accused of self-dealing in the $70-million sale of a spectacular Malibu estate seized from the vice president of Equatorial Guinea. He denies any wrongdoing.
Read more »
Chile battles to combat forest fires amid threat to residentsChile is battling to control the spread of several wildfires that have already destroyed more than 4,000 hectares (9,900 acres) of woodlands and are putting local communities at risk.
Read more »
Will a lawsuit over a Malibu mansion derail a top L.A. real estate broker?Mauricio Umansky, a Real Housewives of Beverly Hills regular and star of a new Netflix show, is accused of self-dealing in the $70-million sale of a spectacular Malibu estate seized from the vice president of Equatorial Guinea. He denies any wrongdoing.
Read more »
Inflatable Christmas decoration stolen from 75-year-old Conroe grandmother, says it has sentimental valueDonna Foster loves decorating her yard for Christmas. She's done it 20 years with nothing going wrong, until now.
Read more »