Future Farm secures £42m in successful Series C funding round

Marcos Leta

Future Farm, Latin America’s first food-tech brand to develop and produce plant-based meat, has secured £42 million ($58 million USD) in a Series C investment co-led by Rage Capital.

After launching in the UK in January 2020, the company is now worth over $400m, growing at a rate of 960% annually in Europe, and has broken records with its new funding round.

The brand boasts one of the highest Series C investments raised for a plant-based meat company in the UK, closing at £42 million ($58 million USD), signifying a huge step forward for the plant-based category, which is now valued at USD 4.2 billion globally, and at USD 0.8 billion in the UK, growing at 17 percent annually.

Marcos Leta, Future Farm’s founding partner and CEO comments: “This investment ignites a new chapter in Future Farm; we are creating a robust 4.0 plant-based platform with meat, milk, and dairy.

“Twelve innovations are now being developed to make slaughterhouses and dairy products even more obsolete. We’re going to deliver flavour and joy to anyone who loves any animal protein, without pressure.”

The plant-food brand plans to use use the funding achieved to progress its True Texture Technology™. Future Farm currently creates its plant-based products using 3D extrusion, enzymes, and biotechnology.

As well as advancements in technology for its plant-based food products, the brand will also use the funding to progress towards its goal for 100% sustainable and plant-based packaging, which is set to be composed of sugar cane.

After launching products in the plant-based meat market with burgers, sausages, meatballs, mince, chick’n, and its latest tvna launch, Future Farm plans to expand into the plant-based drinks segment next, with a focus on European and American markets.

The funding will also support Future Farm’s plans for rapid growth across Europe and the USA.

The brand’s third round of funding brings the grand total investment in the brand to $89 million dollars, with the first two rounds accelerating the development and innovation of new products, plus expanding the brand’s profile and exports overseas.

Rage Capital, known for backing exceptional founders who leverage cutting-edge technology to change the way we eat, live and interact with our planet, participated in the Series C investment round, with the company already boasting a portfolio that includes Airbnb, Niantic, The Every Company, & more.

“Our combination of technologies and in-house production is significantly higher than other brands. It allows us to develop bolder products that appeal to global consumers”, states Marcos Leta.

“We will be the healthiest and most laidback brand in the plant-based universe, all the while maintaining flavor. We will ignite a new chapter in the company, a robust, 4.0 plant-based platform with meat, milk, and dairy.”