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...

Instacart Announces $225 Million In New Funding Led By DST Global, General Catalyst And D1 Capital

Instacart, the North American leader in online grocery, today announced it has raised $225 million as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners participating. The investment comes as Instacart continues to experience an unprecedented surge in customer demand for grocery delivery and pickup. Today's announcement increases the company's valuation to $13.7 billion...