,Australia

v2food secures $35m in Series A funding round

The plant-based meat startup also plans to launch new products in the “next few months”.

v2food has raised $35m in a Series A funding round led by Main Sequence Ventures and Horizons Ventures.

The funding round also includes Fairfax Family investment fund Marinya Capital and venture capital firm Sequoia Capital China.

“This is an important step towards v2food’s goal of transforming the way the world produces food, v2food founder and CEO Nick Hazell said in a statement.

The plant-based meat start-up, which partnered with CSIRO and Competitive Foods Australia for Hungry Jack’s Rebel Whopper, said that the funds will be used for research and development, including building a new research and production facility slated to begin operations in 2020.

Moreover, citing growing demand, it also planned to expand across the country and develop a supply chain.

The start-up is set to launch new products in the “next few months.”

New Wodonga facility
v2food has also announced its $20m purchase of a 55,470 square-metre site in Wodonga where a new plant-based meat facility will be erected.

The startup expected the factory to begin operations in Q2 2020.

Join QSR Media Australia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The chain is also giving one couple the chance to win free catering.
The Mexican QSR recently embarked on a hiring spree across the country.
The promotion is available across the chain’s 41 stores.
This unit guarantees food quality without increasing operational expenses.
Controlling food costs, lessening waste, and forecasting demand accurately are crucial.
It partnered with Sydney illustrator Julie Luu to feature festive art across store signages and the brand’s 2022 Christmas Calendar.
One applicant will also have the chance to win a year’s worth of free pizza and a Nintendo Switch.
Its current store network is now worth $4 million a year.
Find out how the upgraded digital menu signages improved the brand's operational and cost efficiencies.
The fast food chain has 54 restaurants across SA and 449 nationally.