Notco creates plant-based options that taste, feel, cook, and function just like their animal-based counterparts. Led by Tiger Global, the financing aims to accelerate the company’s growth in the U.S., unlock new geographies and product categories, and scale up the company’s proprietary patented A.I. technology.
Foodtech company NotCo, making plant-based milk and meat replacements, wrapped up another funding round this year, a $235 million Series D round that gives it a $1.5 billion valuation.
Amazon.com Inc (AMZN.O) founder Jeff Bezos-backed NotCo has received an investment from Enlightened Hospitality Investments (EHI) and expects to hit $1 billion valuation by the end of the year, the plant-based food tech firm said on Wednesday.