Purely Elizabeth, a natural foods brand specializing in plant-based oatmeal, granola and pancake mixes, announces a $50 million Series B raise led by SEMCAP. In the last five years, the company has grown at 55% CAGR and nearly doubled its retail locations from 8,000 to over 15,000 stores, according to a press release. The company’s products can be found at an array of major retailers including Whole Foods Market, Publix, Target, and Walmart. The financing round marks the first investment by SEMCAP’s Food & Nutrition arm, which is headed by experienced CPG investor John Haugen.
Despite concerns over taste and health, 60% of US consumers are open to trying cultivated meat
Quotes from Vegconomist, 22 May, 2024 Understanding Consumer Attitudes Towards Cultivated Meat A survey conducted by Purdue University, known as the Consumer Food Insights survey, monitors consumer attitudes toward cultivated meat. The...