No Meat Factory, through its state-of-the-art, BRC-certified facilities in British Columbia, produces plant-based alternative protein products for its brand partners, including meat alternatives for convenience products like nuggets and hamburgers and whole-muscle alternatives.
Its second production facility, which will begin operations in early 2023, will further increase production capacity and provide additional manufacturing capabilities for plant-based deli and sausage alternatives.
The Series B round included existing investor Emil Capital Partners (ECP) who initially invested during company formation in 2019.
With this latest funding round, No Meat Factory plans to expand its production footprint in North America and build out its manufacturing capabilities to service the global market, increasing access to affordable alternative proteins for mainstream consumers.
“The traction No Meat Factory has experienced in just a few short years is evidence that consumers want greater access to plant-based alternative proteins and brands are looking for ways to deliver quality at an affordable price,” said Dieter Thiem, CEO and co-founder of No Meat Factory.
“With this latest funding round, we are excited to not only expand our operations to meet the needs of our partners, but to take advantage of the support and expertise of our investors as we expand our footprint globally.”
No Meat Factory co-founders Dieter Thiem and Leon Bell have over 65 years of combined experience in the plant-based food industry, particularly in plant-based meat production.