Plant-based meat has become an emerging category that is growing rapidly in the Chinese market. Specifically, in the past 2020, the battle for plant-based meat in China was heating up because of international giants’ participation, dozens of investment and financing, as well as waves of new product releases.
We at ChemLinked will guide you through reviewing the Chinses plant-based meat market performance in 2020.
1. Substantial capital support
Plant-based meat was a hot cake in the investment sector in 2020. STARFIELD is a local plant-based meat company founded in 2019. It obtained three rounds of financing within seven months, becoming the highest-funded plant-based meat brand in China.
|2020.03||STARFIELD||Angel||JOY Capital, MatrixPartners China, New Crop Capital, Dao Foods International|
|2020.06||Zhen Meat||Seed+||Big Idea Ventures|
|2020.08||STARFIELD||A||Sky9 Capital, JOY Capital, MatrixPartners China|
|2020.08||Hey Maet||Angel||Shuangta Food, UpHonest Capital, Tiantu Capital|
|2020.09||Green Monday||Strategic||The Rise Fund, Swire Pacific Limited|
|2020.10||STARFIELD||A+||Lightspeed China Partners, Sky9 Capital, JOY Capital, MatrixPartners China|
|2020.12||Hey Maet||Pre-A||Welight Capital, Junsan Capital|