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Global Food Tech Unicorn Notco Closes $70M In Funding To Fuel New B2B Platform

Dec 12, 2022•over 2 years ago

Amount Raised

$70 Million

New YorkAngel InvestmentVenture CapitalFood And BeverageAgriculture and Farming

Investors

Kaszek VenturesPrinceville Capital

Description

NotCo, the fast-growing food tech company with a first-of-its-kind patented A.I. technology, Giuseppe, today announced it has closed $70M in new funding as a Series D1. The new capital will catapult the company’s new B2B Unit which will enable other CPG brands, ingredient suppliers and technology providers to leverage Giuseppe for their own innovation purposes and exponentially accelerate the transformation of the plant-based industry. NotCo will continue to operate its branded business, NotCo Food, offering products like NotMilkTM, NotBurgerTM and NotChickenTM through retail and food service businesses nationwide.

Company Information

Company

NotCo

Location

New York, United States

About

NotCo is an industry-changing, fast-growth food tech leader and the only global company disrupting massive food and beverage segments including dairy, eggs, and meat simultaneously. NotCo has launched products including NotMilk™, NotBurger™, NotMeat™, NotIceCream™, NotChicken™ and NotMayo™ across countries including the U.S., Brazil, Argentina, Chile, and Colombia and in less than three years became the fastest-growing food tech company in Latin America. NotCo utilizes a proprietary artificial intelligence technology, Giuseppe, which matches animal proteins to their ideal replacements among thousands of plant-based ingredients. Its one-of-a-kind technology enables NotCo to be a powering tool for food and beverage innovation partnering with other companies to accelerate the transformation of the food industry. For more information, please visit www.notco.com.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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