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NotCo Closes $85 Million Series C Round and Announces U.S. Expansion
NotCo, a food-tech company in Latin America, has announced the closing of an $85 million Series C investment round, co-led by Future Positive. NotCo is a startup that utilizes proprietary technology that can match animal protein to its replacement among plant-based ingredients. NotCo has launched plant-based products including dairy, eggs, and meat. The company has launched NotMilk, NotBurger, NotIceCream, and NotMayo in Brazil, Argentina, and Chile. In less than three years it has become a fast-growing food-tech company in Latin America.
The new funding comes as the company announces scaled up operations and marks plans for international expansion leading with an entry into the United States, a promising market for its portfolio of products of plant-based food. The company will evaluate both...
Uber Unveils Grocery Delivery
Uber Technologies, Inc. announced that users in select Latin American and Canadian cities can now order groceries through the Uber and Uber Eats apps, in partnership with Cornershop, the popular grocery delivery startup based in Santiago, Chile. This follows the companies’ 2019 agreement for Uber to acquire a majority stake in Cornershop, which is expected to close in the coming days. Today’s news marks Uber and Cornershop’s first integrated grocery delivery experience.
Uber connects people and communities with the tap of a button, including rides, prepared food, retail goods—and now groceries. Starting today, shoppers in select cities in Latin America, Canada and coming later this month, the United States, can find grocery delivery opportunities through both Uber and Uber Eats apps, furthering Uber’s vision of bringing people closer to...
JUST Expands Partnerships Globally, Raises Capital & Adds Former Coca-Cola Executive
JUST announced a host of partnerships to manufacture and distribute its JUST Egg across North America, Latin America, Europe, and East Asia. This global infrastructure, which includes millions of additional points of potential distribution and access to production facilities on multiple continents, will provide the scale needed to meet the increasing worldwide demand for the product.
Included in this partnership announcement are South Korea’s food company, SPC Samlip; one of Southeast Asia’s largest food companies, Betagro Group; bakery company, Grupo Bimbo; one of Latin America’s largest edible oil and fat producers, Alianza Team; and local delivery platform, Delivery Hero. This infrastructure builds on a previously announced manufacturing and distribution partnership with...
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