Leading the Series A funding round was Unovis, an early backer of Oatly and Beyond Meat, with participation from Bessemer Venture Partners, AgFunder and KBW Ventures.
The New York-based Specialty Food Association (SFA) Trendspotter Panel has predicted that alternative seafood products will be among the top trends in specialty food in 2023.
Daiya Foods, a manufacturer of plant-based pizzas, burritos and non-dairy cheeses, has named Erin Legge as chief financial officer and Melanie Domer as chief marketing officer, effective immediately.
A further deceleration in plant-based meat alternative sales has impacted Beyond Meat, Inc., leading to a greater loss than during the same period for the previous year.
Beyond Meat, Inc. is laying off approximately 19% of its workforce and has further reduced its fiscal 2022 sales outlook to a range of $400 million to $425 million. The company is scheduled to release its third-quarter financial results on Nov. 9.