New alternative protein VC fund geared to plant-based meats and dairy start-ups

AgFunder, a San Francisco-based venture capital fund, launched a new $20 million alternative protein fund to invest in the next generation of startups creating animal-free food products.

The alternative protein landscape including plant-based meats and dairy, cultivated meat and startups creating picks and shovels for the industry.

“An investor who put $1 million into Beyond Meat’s Series A selling today could realize a 316x return; and Impossible Foods is poised to follow a similar trajectory,” said AgFunder Founding Partner Rob Leclerc. “But in a $2.17 trillion market for animal products . . .

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