Food tech company NotCo raised $235 mn in Series D funding

NotCo, a food tech company, has raised $235 million in a Series D funding round led by Tiger Global, bringing the company’s valuation to $1.5 billion.
Food tech firm Notco
The Series D also attracted new funds including DFJ Growth Fund and the social impact foundation, ZOMA Lab.

Athletes Lewis Hamilton and Roger Federer and musician and DJ Questlove are also joining.

The Series D funding round included follow-ons from NotCo’s roster of investment firms, including Bezos Expeditions, EHI, Future Positive, L Catterton and Kaszek Ventures.

The company operates in five countries in both retail and foodservice, and already has five U.S. patents for its proprietary A.I. technology.

“Our patented A.I. gives us a significant competitive advantage due to the speed and accuracy with which we’re able to develop and bring new products to market,” said NotCo Founder and CEO, Matias Muchnick.

NotCo has raised more than $350 million to date and the Series D will bolster its expansion into new categories in North America, scale the core of its proprietary A.I. technology, and accelerate plans to launch in Europe and Asia.

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