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Chunk Foods plant-based meat start-up from Israel raises $15m in seed round

Israeli startup Chunk Foods has successfully raised $15 million in seed funding, the largest seed round ever for an Israeli plant-based company.
Visual representation of a vegan steak, not an actual image of Chunck Foods.

Israeli startup Chunk Foods has successfully raised $15 million in seed funding, the largest seed round ever for an Israeli plant-based company.

The round, which took place in November, was led by Fall Line Capital, MIT’s E14 fund and Hollywood actor Robert Downey Jr.’s FootPrint Coalition. The significant investment will be used to build one of the world’s largest plant-based whole-cut factories, which is expected to be completed in the summer of 2023.

Stray Dog Capital led pre-seed funding

Founded in 2020, Chunk Foods previously secured $2 million in pre-seed funding from venture fund Stray Dog Capital. The company’s mission is to revolutionise eating habits by providing sustainable, nutritious and delicious plant-based alternatives to traditional meat products.

CEO Amos Golan expressed his gratitude for the support of high-profile investors who share the company’s vision of creating accessible and sustainable plant-based options for consumers.

The latest investment has been met with enthusiasm from both investors and industry experts. Steve Levin, partner at The FootPrint Coalition, said that several top restaurant groups have praised Chunk Foods’ product for its taste, texture and ingredient list.

Eric O’Brien, co-founder and managing director of Fall Line Capital, also praised the company’s innovative approach to creating plant-based meat products with exceptional taste and texture while maintaining a clean label.

Imitation game for beef

Chunk Foods’ plant-based steaks contain 25 grams of protein and can be prepared using the same cooking methods as traditional beef.

In 2022, the company’s steak debuted to great acclaim at several notable US restaurants, including Coletta and Anixi in New York City.

The new state-of-the-art facility will have the capacity to produce millions of plant-based steaks annually, using minimally processed ingredients and fermentation technology to achieve the same meaty bite, texture and umami flavour as conventional beef, without preservatives, additives, cholesterol or GMOs.

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