v2food has secured $77 million in Series B funding from international investors, including ABC World Asia, China Renaissance and Temasek, as it brings the plant-based start-up’s total funding raised to $113 million.
The company, which most recently launched its range into Woolworths and Drakes stores, will use the additional funding to complete the production of its site in Wodonga, grow its team and launch into new markets, including Asia.
v2food founder and CEO Nick Hazell said the funding was a pivotal step towards the start-up’s goal of transforming the way the world produces food.
“It’s imperative that we continue to scale quickly because this global issue needs an immediate solution,” said Hazell.
“As we enter our next phase of growth, we are grateful to have the support of world-renowned investors who share our urgent mission of solving the global food challenge. v2food has had a global view since our founding, and this investment will help us establish our business in Asia, Europe and the rest of the world.”
New and existing investors of v2food include ABC World Asia, Altitude Partners, China Renaissance, Esenagro, Horizons Ventures, Main Sequence Ventures, Marinya Capital, Novel Investments, Sequoia Capital China and Temasek.
In addition to its retail offering, v2food is also available through Marley Spoon, Dinnerly, as well as QSR outlets including Soul Burger, Burger Urge and Hungry Jack’s.