Competing with both Perfect Day and Beyond Meat, Chile’s NotCo raises $85 million to expand to the United States
NotCo, the Chilean food innovation company making plant-based milk and meat replacements, has validated the close of a brand-new $85 million round of moneying to take the business’s items into the U.S. market. The announcement validates earlier reporting from TechCrunch that the business had raised new capital, but according to individuals with knowledge of the […] Both markets are not small, with milk alone being a multi-billion-dollar classification that NotCo chief executive Matias Muchnick thinks his company can control in both Latin America and the US.”We continue to actively support the company since its early days with a strong conviction of the potential that NotCo has to be the leading global player in the food-tech area. Flavia Buchmann, a former executive at Coca-Cola supervising the business’s Sprite brand name, has actually been tapped as the business’s new chief marketing officer. At that scale, the business would be a prime candidate for public financiers, and if Muchnick has his method the business will get there. …
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