Rebellyous, a startup that’s striving to construct “a greater hen,” has raised no less than $20 million in recent funding, TechCrunch has realized.
Primarily based in Seattle, the venture-backed firm calls its manufacturing tech the “most superior plant-based meat manufacturing system on the planet.”
Rebellyous goals to lift as a lot as $30.7 million in whole, in line with a public regulatory submitting with the Securities and Trade Fee. The report names beforehand introduced backers YB Choi of Cercano Administration, angel investor Owen Gunden and Mike Miller of Liquid 2 Ventures amongst its administrators. The submitting signifies that no less than 55 undisclosed buyers chipped in on the newest spherical, however as normal the SEC disclosure leaves us wanting extra.
Reached for touch upon the fundraise, Rebellyous chief of workers Tina Meredith declined to share particulars on the startup’s plan for the cash. Nonetheless, the corporate’s web site lays out efforts to construct “the next-gen meat machine,” dubbed Mock Two. Rebellyous calls its tech a substitute for manufacturing facility farming, which it bluntly and justifiably describes as “fucking disgusting.”
The submitting comes as a number of the most distinguished names in fake meat wrestle to understand their overarching imaginative and prescient of disrupting huge meat (which is extra widespread than ever within the U.S., per considerably dated stories).
Unimaginable Meals might quickly lay off 20% of its workers, in line with a January 30 Bloomberg report. Likewise, Past Meat introduced it will lay off 19% of its workers in October amid reportedly weak gross sales. For early-stage startups similar to Rebellyous, all eyes shall be on profitability, differentiation and, as all the time, value.