Alternative protein player Eat Just has scored a new round of financing to accelerate the application of science and technology for healthier and more sustainable food formulation. The funding will further aid the company in advancing and improving the quality and profitability of its products.
The investment was led by VegInvest/Ahimsa Foundation, which partners with innovative companies like Eat Just to remove animals from the food system and other industries.
Financial details of the deal have not been disclosed.
“We founded this company to take the animal out of the equation, and today, we’re proud to continue this vital work with an investor who has shown an unwavering commitment to this ideal. Our work is not easy and not certain, but it’s what is required,” remarks Josh Tetrick, co-founder and CEO at Eat Just.
VegInvest/Ahimsa Foundation’s initial investment and alliance helped Just Egg, Eat Just’s plant-based egg brand, to move from lab-scale to commercial launch and grow to the point of selling the equivalent of 400 million eggs. The initiative reportedly helped save more than 14 billion gallons of water, 69 million kilograms of CO2e and 21,000 acres of land.
“Eat Just plays a critical part in building a kinder, safer food system. We’re proud of this investment and the continued partnership to make products that consumers love without causing the harm inherent in animal agriculture,” notes Shaleen Shah, President of the Ahimsa Foundation.
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