Eat Just Secures $200M in Funding to Advance their Food Tech Alternatives

Eat Just – a plant and cell based alternative food tech company – just raised $200 million in their latest investment round. The investment was funded by the Qatar Investment Authority and will go towards advancing their development of these food products.

The R&D and manufacturing center in Minnesota is responsible for the creation of their product, Just Egg – a plant based egg alternative. They have sold the equivalence of 100 million chicken eggs with this mung bean-based egg alternative. This egg alternative is already in many U.S. restaurants including Peet’s Coffee and Saxby’s, and is set to expand in many more thanks to a partnership with Michael Foods. They have also just received approval for their cell-based chicken in Singapore. The latest funding will help to further these research developments and bring plant and cell-based products to a larger audience.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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