Believer Meats Valuation, Funding & Investors

Eat Just is a San Francisco-headquartered developer of plant-based foods, best known for JUST Egg, a mung bean protein liquid egg substitute that scrambles, fries, and bakes like chicken eggs. Cholesterol-free and non-GMO, the product uses 93% less land than conventional eggs and is sold in grocery chains worldwide including Walmart and Tesco since its 2018 commercial launch.

Oatside, operated by Float Private Limited, is a Singapore-based oat milk manufacturer that launched Singapore's first oat milk brand in 2022. The company controls its supply chain end to end, from sourcing Australian oats and spring water to in-house manufacturing, and its product line includes oat milk, flavored milk, oat lattes, and ice cream. Oatside sells across Singapore, Malaysia, Indonesia, South Korea, and Taiwan, positioning itself to lead the shift toward plant-based milk in Asia.

Meati is a Boulder, Colorado-headquartered producer of mushroom mycelium-based meat alternatives. Products like Steak, Cutlet, and Crumble replicate chicken and beef textures using whole-food fungi grown in vertical farms. Available in U.S. retailers including Kroger and Whole Foods, Meati scaled production at a Pueblo facility opened in 2022. Founded in 2016 as Emergy Foods.

Perfect Day is a Berkeley, California-headquartered biotech firm producing animal-free whey and casein proteins identical to dairy counterparts using precision fermentation. Founded in 2014, it partners with Nestlé for ice cream and Mars for chocolate products, scaling production at a 30,000-liter fermenter facility. The proteins appear in Brave Robot ice cream sold nationwide and The urgent Cow milk. Perfect Day's process reduces cow methane emissions equivalent to 379 million gallons of milk annually.

San Francisco-based The EVERY Company is a precision fermentation producer of animal-free egg proteins. Founded in 2014, it ferments OvoVitellins, OvoYolk, and OvoAlbumins matching whole egg functionality for baking, dressings, and beverages. EVERY supplies NeatEgg to bakeries for meringues and custards, scaling to 1,000 tons yearly from its South San Francisco facility, partnering with food giants like Mars and Just.

v2food is a Sydney-headquartered developer of plant-based meat alternatives founded in 2019. The company produces vegan chicken fillets, nuggets, and tenders using pea protein and faba bean tech for texture mimicking real poultry. Distributed in 1,000+ Woolworths and Coles supermarkets across Australia, v2food products generate AUD 20 million in annual sales. Backed by Blackbird Ventures and Main Sequence, the firm expanded to schnitzels and mince in 2023, targeting 10% market share in plant-based proteins.

Spiber is a Tokyo-headquartered biotechnology firm founded in September 2007 producing Brewed Protein synthetic fibers via microbial fermentation of plant-based feedstocks. The proteins replace silk, wool, and petroleum plastics in apparel like The North Face Moon Parka and automotive interiors for Nissan. Spiber operates a mass production plant in Rayong, Thailand since 2021 and builds a second facility with ADM in Iowa set for 2023 operations. Partnerships with Itochu and Teijin enable commercialization of Brewed Protein polymers targeting 10,000 tons annual output by mid-decade.

Berkeley-based UPSIDE Foods cultivates meat directly from animal cells, offering sustainable alternatives to traditional production methods without animal farming.

Bluepha is a Singapore-headquartered biotechnology company that engineers bio-based materials using microbial fermentation and data analytics. The firm develops alternatives to petroleum plastics for packaging, textiles, and consumer goods, targeting industries like personal care and agriculture. Founded in 2020, Bluepha collaborates with global chemical producers to scale production of its polyhydroxyalkanoate polymers.

Tidal Vision is a Bellingham-headquartered producer of industrial chitosan derived from Pacific Northwest crab shells. Its zero-waste enzymatic process yields high-purity biopolymer for water treatment, agriculture seed coatings, and wound dressings. The company supplies formulas to DuPont and BASF, processing over 10 million pounds of shellfish waste annually from Alaska fisheries.

FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.

Gujarat State Fertilizers & Chemicals Ltd is a manufacturer of fertilizers and chemicals. It is structured into two operating business segments: Fertilizer Products and Industrial Products. The company operates mainly in the Indian market and there are no reportable geographical segments. It derives the majority of its revenue from the Fertilizer products segment. The products and services covered under its Fertilizer segment include Urea, Ammonium Sulphate, Di-ammonium Phosphate, Ammonium Phosphate Sulphate, and traded fertilizer products. The Industrial Products consist of Caprolactam, Nylon-6, Nylon Filament Yarn, Nylon Chips, Melamine, Methanol, and Polymer products.

Anhui Huaheng Biotechnology Co Ltd is engaged in the research and development, production and sales of bio-based products such as amino acids and other alanine products.

Sangon Biotech is a Shanghai-based biotechnology firm specializing in nucleic acid synthesis and molecular biology products. Founded in 2003 as a Sino-foreign joint venture, it manufactures DNA/RNA oligonucleotides, gene synthesis services, peptides, enzymes, reagents, lab consumables, and benchtop instruments. The company operates a production base in Songjiang Industrial Park, serving research institutions and pharmaceutical companies worldwide.

CVR Partners LP is a manufacturer and supplier of nitrogen fertilizer products. Its principal products include Urea Ammonium Nitrate (UAN) and ammonia. The company market ammonia products to industrial and agricultural customers and UAN products to agricultural customers. The primary geographic markets for its fertilizer products are Kansas, Missouri, Nebraska, Iowa, Illinois, Colorado, and Texas. The company's product sales are heavily weighted toward UAN.

NotCo is a Santiago, Chile-headquartered food technology company producing plant-based alternatives to meat, dairy, milk, and mayo using artificial intelligence to replicate animal product textures and flavors from ingredients like cabbage and pineapple. Its products, including NotBurger and NotMilk, are available in the United States through partnerships with Walmart and major retailers since launching in 2015.

Biobest is a Belgium-headquartered supplier of biological crop protection and pollination systems. Based in Westerlo, it offers bumblebees for pollination, beneficial insects and mites like Phytoseiulus persimilis, nematodes, biopesticides, sticky traps, and pheromone lures to growers internationally.