A group of Canadian investment and protein firms is looking to raise $200 million in equity capital to finance the next generation of plant-based food processors, according to Real Agriculture. The consortium, led by Bellwood Partners and Champlin Advisory, ultimately aims to build a pool of capital exclusively for the domestic processing sector, says Protein Industries Canada (PIC). To achieve that, the group will first consult an advisory board to identify major barriers to raising capital for plant-based processing. PIC and its partners are expected to contribute $2.4 million to the equity fund, with the larger consortium program contributing an additional $1.8 million.
In a move aimed at non-vegetarians, big FMCG companies have begun producing plant-based meats
Big FMCG companies are entering the plant-based meat segment, targeting non-vegetarian consumers who are looking for an animal-protein replacement, besides a large section of vegetarians. Big FMCG companies are entering the plant-based meat segment,...
