Livekindly Collective, a collection of heritage and start-up brands on track to become one of the world’s largest plant-based food companies, today announced a successful capital raise led by The Rise Fund, the global impact investing platform managed by TPG.
This round was joined by existing investor Rabo Corporate Investments, the investment arm of Rabobank, S2G Ventures, and other existing and additional mission-aligned investors.
This investment closes a growth funding round of $335m, including $135m converted from a prior round, bringing the total funds raised by LIVEKINDLY Collective in its first year to $535m.
With this latest investment, LIVEKINDLY Collective has become one of the top three highest-funded and fastest-growing plant-based food companies globally.
“Our mission is to make plant-based living the new norm, creating a healthier, more sustainable global food system through our international portfolio that meets local tastes,” said David Knopf, CFO of LIVEKINDLY Collective. “With the close of this funding round, we are ideally positioned to rapidly scale our model and lead the global consumer shift toward healthy, delicious and sustainable plant-based alternatives.”
The funding will be used to accelerate LIVEKINDLY Collective’s expansion into growth geographies, like the US and China, and fuel its acquisitions, key partnerships and investments in plant-based innovation.
“We are building a global pureplay in plant-based alternatives – which we believe is the future of food,” said Roger Lienhard, Founder and Executive Chairman of Blue Horizon Group and Founder of LIVEKINDLY Collective. “In just one year, we have raised a significant amount of capital, which testifies to the urgency of our mission and the enormous investment opportunity it represents. We believe the momentum behind plant-based living will continue to grow in both the private and public markets.”