Lever VC raises $23M to invest in early-stage alternative protein companies
Lever VC raises $23M
Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.
[20 August, Food Dive]
Alternative protein venture capital fund, Lever VC, has raised its first fund of $23 million, which will be used to target early stage plant/cell-based protein and alternative dairy companies for investment. The Spoon reported that Lever VC plans to make 20-25 investments with its new fund and it has already invested roughly $5 million in 10 companies. A study suggested growing consumer interest in the plant-based food during the pandemic, which outpaced general food sales growth by 35% according to SPINS statistics for the 16 weeks ended April 19 this year.
To read this week's full edition of Field Notes, please click here.
To read the full original article, please click here.
© 2023 KPMG, a New Zealand Partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.
Connect with us
- Find office locations kpmg.findOfficeLocations
- Social media @ KPMG kpmg.socialMedia