The Not Business, a maker of plant-based meat and dairy substitutes in Chile, will soon deserve $250M

The Not Business, a maker of plant-based meat and dairy substitutes in Chile, will soon deserve $250M

The Not Company, Latin America’s leading competitor in the plant-based meat and dairy replacement market, is about to close on an $85 million round of financing that would value it at $250 million, according to sources acquainted with the company’s strategies. The latest round of financing begins the heels of a series of successes […] NotCo is currently selling several items in Chile, Argentina and Latin America’s biggest market– Brazil– and has signed a blockbuster offer with Hamburger King to be the chain’s provider of plant-based hamburgers. The company is responsible for offering 48 sandwiches per shop per day in the places where it’s providing its items, according to one individual familiar with the information. NotCo co-founders Karim Pichara, Matias Muchnick, and Pablo Zamora. Previously this month Perfect Day closed on a second tranche of $160 million for that company’s newest round of financing, bringing that business’s total capital raised to $361.5 million, according to Crunchbase. …