- Venture capital funding for plant-based meat start-ups has slumped to its lowest level since 2018.
- Start-ups focused on plant-based meat secured $75.2mn from venture capital firms in Q1 2023, down from $703mn in Q1 2022.
- Investors raced to back the plant-based meat industry during the stock market boom, but consumer pullback and rising interest rates have dampened enthusiasm.
- California-based Tattooed Chef and meat alternatives supplier Plant & Bean have filed for bankruptcy protection.
- Companies developing lab-grown and fermented protein alternatives have received funding amid the pullback in plant-based meat funding.
Financial Times — World — Plant-based Meat — Us & Canadian Companies — Food & Beverage — Venture Capital Investment
Venture capital funds cool on plant-based meat start-ups
Venture capital funding for plant-based meat start-ups has slumped to its lowest level since 2018, as consumer pullback and rising interest rates dampen enthusiasm for the industry.