L Catterton and Future Positive, the investment firm of Fred Blackford and Biz Stone, led a US$85m Series C in Chilean foodtech NotCo, with participation from General Catalyst, and follow-on from KaszeK Ventures, The Craftory, Bezos Expeditions, Endeavor Catalyst, IndieBio, Humbolt Capital, and MAYA Capital. The Craftory led NotCo’s US$30m Series A in 2019, with participation from Bezos Expeditions, MAYA Capital, and previous investor KaszeK Ventures. NotCo was The Craftory and Amazon CEO Jeff Bezos’ inaugural investment in a Latin American startup at the time.
(TechCrunch) NotCo, the Chilean food technology company making plant-based milk and meat replacements, has confirmed the close of a new $85 million round of funding to take the company’s products into the U.S. market.
The announcement confirms earlier reporting from TechCrunch that the company had raised new capital, but according to people with knowledge of the investment, the valuation for the company is roughly $300 million, and not the $250 million TechCrunch previously reported.
Read more at TechCrunch.