Rebellyous, a startup that is striving to build “a superior hen,” has elevated at least $20 million in refreshing funding, TechCrunch has learned.
Based in Seattle, the enterprise-backed enterprise phone calls its manufacturing tech the “most state-of-the-art plant-based mostly meat production program on the earth.”
Rebellyous aims to elevate as significantly as $30.7 million in overall, according to a public regulatory filing with the Securities and Trade Fee. The report names beforehand declared backers YB Choi of Cercano Management, angel trader Owen Gunden and Mike Miller of Liquid 2 Ventures amongst its directors. The filing signifies that at the very least 55 undisclosed traders chipped in on the latest spherical, but as usual the SEC disclosure leaves us seeking far more.
Reached for comment on the fundraise, Rebellyous main of employees Tina Meredith declined to share particulars on the startup’s strategy for the funds. Nevertheless, the company’s web-site lays out initiatives to establish “the up coming-gen meat machine,” dubbed Mock Two. Rebellyous phone calls its tech an substitute to factory farming, which it bluntly and justifiably describes as “fucking disgusting.”
The filing will come as some of the most prominent names in faux meat battle to understand their overarching eyesight of disrupting huge meat (which is more well-known than at any time in the U.S., per fairly dated reports).
Extremely hard Foodstuff could before long lay off 20% of its team, according to a January 30 Bloomberg report. Furthermore, Past Meat declared it would lay off 19% of its workers in October amid reportedly weak income. For early-phase startups this kind of as Rebellyous, all eyes will be on profitability, differentiation and, as often, price tag.