NotCo Valuation, Funding & Investors

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.

Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, Ice Cream and ready meals like pizza. It sells its products through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.

Believer Meats is a Jerusalem-headquartered cellular agriculture company that produces cultivated beef, chicken, lamb, and seafood through scalable bioreactor technology. The firm operates manufacturing facilities in Rehovot, Israel, and Wilson, North Carolina, focusing on distributive biomanufacturing to lower production costs. In 2023, Believer Meats rebranded from Future Meat Technologies and achieved the first ton-scale cultivated meat run globally. It collaborates with partners like Sodexo and Tyson Foods for market entry in Europe and the US. Founded in 2018, the company serves the food industry with animal-free proteins to address sustainability challenges.

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.

Impossible Foods is a Redwood City, California food-technology company that makes plant-based substitutes for meat and dairy from plant proteins. It was founded in 2011 by Patrick O. Brown, a Stanford University biochemistry professor, and launched its first product, the Impossible Burger, in July 2016; the burger uses soy leghemoglobin ("heme"), produced by a genetically engineered yeast through fermentation, to mimic the taste of beef. The range has since expanded to sausage and pork, chicken and other plant-based products. In November 2021 the company said its products were sold in about 22,000 grocery stores, up from 150 in March 2020, and in close to 40,000 restaurants worldwide. It earns revenue from product sales to retailers, restaurant chains and foodservice distributors and has not published its revenue. Impossible Foods has raised close to $2 billion from investors including Khosla Ventures, Bill Gates, GV, Horizons Ventures, Temasek, Mirae Asset and Coatue, and Reuters noted it was last valued at about $4 billion in its 2020 funding round.

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.

Ingredion is an ingredients provider for the food, beverage, brewing, and animal nutrition industries. The company processes corn, tapioca, potatoes, stevia, grains, fruits, gums, and vegetables into value-added ingredients. The company sells specialty ingredients that include starch-based texturizers and natural alternative sweeteners such as stevia. Ingredion also sells commodity ingredients that include sweeteners, such as high-fructose corn syrup, and starches, such as those used for sustainable packaging, as well as plant-based proteins.

Hebei Yangyuan Zhihui Beverage Co Ltd is engaged in the research & development, production, and sales of plant protein beverages mainly using walnut kernels as raw materials. The company markets its beverages under the brands Yangyuan and Six Walnuts, offering a range of walnut-based drinks. Its product lineup includes variants such as Boutique Six Walnut Milk, Selected Six Walnut Milk, Refined Research Six Walnut Milk, Zhihui Health Six Walnut Milk, along with other related offerings.

Oatly Group AB is engaged in the food and drinks industry. Some of its products include Oat Drink, Chilled Oat Drink, Oatgurt, Creamy Oat, and Icecreams, among others. It caters to Sweden, Germany, the United Kingdom, Netherlands, North America, Finland, and Other markets. The company generates revenue from the EMEA, Americas, and Asia regions, with the majority of revenue generated from the EMEA region.

Next Gen Foods is a Singapore-headquartered food technology company producing plant-based proteins under the Always Legit brand, including chicken alternatives derived from pea protein. Established in 2020, the firm raised $35 million in Series A funding and distributes products across Southeast Asia and Europe through partnerships with retailers like FairPrice and NTUC. Its manufacturing facility in Singapore produces high-protein fillets mimicking real meat texture, targeting a reduction in animal agriculture dependency.

Simple Feast is a Copenhagen-headquartered direct-to-consumer service offering plant-based meal kits and jarred foods. Weekly Boxes provide three vegetarian or vegan dinners with minimal prep, while monthly Comfort Food Boxes deliver ready-to-heat meals. Founded in 2015, the company sources organic ingredients from Danish farms and ships nationwide. Simple Feast's cookbook app features 500+ recipes, serving 20,000 subscribers focused on sustainable nutrition.

Beyond Meat Inc is a provider of plant-based meat company offering a portfolio of revolutionary plant-based meats. It builds meat directly from plants, an innovation that enables consumers to experience the taste, texture and other sensory attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating plant-based meat product It has products such as burgers, sausage, ground beef, jerky, meatballs and chicken. The company generates revenue from sales of its products to the customers across mainstream grocery, mass merchandiser, club store, convenience store and natural retailer channels and various food-away-from-home channels, including restaurants, foodservice outlets and schools, mainly in the United States.

Voyage Foods is a food technology company engineering allergen-free alternatives to traditional ingredients using upcycled materials and proprietary processing. Its platforms include nut-free peanut butter spreads, cocoa-free chocolate, and bean-free coffee substitutes that replicate taste and texture profiles. Operating from South San Francisco, the Chicago-headquartered firm partners with manufacturers for scalable production. Founded in 2020, Voyage Foods addresses supply chain vulnerabilities from climate and ethical sourcing issues.